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Updated over 4 years ago,
Newbie Guidance Needed: Wholesales, Flips, Rehab, Rentals, etc???
Okay, I'm sure most have heard this scenario before, and although I'm a little embarrassed to admit this, I attended a "so-called" seminar 6 months ago to learn about real estate investing. I won't even mention how much money that cost me, as well as the late nights pulling my hair out, and chasing people down to do their job that's supposed to be "helping" me...lol....which brings me to the present. I feel I've learned a lot "about" real estate, but still not exactly sure what "area" of real estate I should take for my particular situation. I have very limited capital through credit cards, which I wasn't too crazy about, that I was told was my best option. I just want to be smart in my investments moving forward. I have high credit scores. I currently work from home, but not enough left over at end-of-month to put into my investment business. I've been told that hard money lenders are the way to go, but just skeptical because I've been given sales pitches the last 6 months, instead of training. My goal is to make real estate investing my new career and way of life, to possibly leave my job one day and do it full-time. However, I need to get some capital raised. Given the current situation, what type of real estate (wholesale, flips, rentals, etc.) would you advise someone like me to get into in order to keep snowballing my capital?? I'm not so much concerned about creating a steady income right now, as I live very meager and don't need a lot. I'm more concerned with creating as much money, as aggressively as I can, but in a smart way. Any suggestions/advice?? Thanks in Advance~April