First Deal!!....I think

[Jack O'Jack]

Hey everyone, I'm Jack. I'm 22 and I just graduated with a Bachelors in Social Work. Real estate caught my attention my last semester in university so I included as much of it with my studies as feasible.

Fast forward...

I'm on the brink of getting a property under contract. According to all calculations, it's an ideal property for a flip but since it's so far away, I'll probably just "wholesale" it.

Keep in mind: THIS IS MY FIRST DEAL

1. I have no idea where Midland Texas is.

2. I have no idea of a "wholesale" friendly title company, or ANY title companies for that matter, in that area.

My initial plan was to find one solid flip. Fund it with a hard money loan (Dad's down payment money) and my income as a social worker for the state. Take the profit and use what's necessary to buy my first duplex and begin house-hacking.

I guess it's happened so quickly, I wasn't completely ready but I can not allow my ignorance to cost me my first deal. Any suggestions?

[Karl McGarvey]

My advice would be to slow down. If you don't even know where Midland TX is (Google is helpful), then you have way more problems than the basic "how do I fund the deal." Take a breath, finish school, and get educated on everything there is to know about RE before jumping in too quickly into a wholesale deal that you are going to get stuck with.