Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
First Deal!!....I think
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?