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Updated almost 8 years ago,

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Vikki Baumler
  • Green Bay, WI
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Pseudo-newbie looking for advice - wholesaling/flipping to start

Vikki Baumler
  • Green Bay, WI
Posted

Hi all. I previously owned/managed and did all repairs for a duplex I later sold in a divorce. (Originally purchased with a private lender who has since passed away.) Now I do repairs and property mgmt for my boyfriend's properties. I'm eager to have my own real estate portfolio. I plan to transfer my 403b funds to a self-directed IRA, but since I don't have a lot of funds, I thought I would start with wholesaling to build my funds with the ultimate goal of building up enough to buy and flip SFHs to either sell or rent out. (Eventually, I want to own a multi-family unit. For now, this market is ripe with affordable SFH cosmetic fixer-uppers. Also ripe with multi-families, so I'm quite eager to dive in.) I do not believe I can get a conventional loan and do not currently know a private lender. Any tips for a newbie? I've been diving into blogs and podcasts to research SDIRA, wholesaling & flipping. But if you were to give me your top 5 action steps (after join BP) to get the ball rolling, what would you say to me? Thanks!
-Vikki

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