Best niche for new real estate investor

[Account Closed]

I am interested in investing in real estate. My first thought was to do some wholesale deals for some quick cash and then later do buy and hold and/or lease options. But now I think it would be better to just pick a strategy or niche and stick with it rather than trying to learn and do everything. For those of you who are more experienced investors, what do you suggest? How did you start out with investing? Would you recommend starting straight with buy and hold or doing wholesaling first? Either way I will need to find a money partner or get a loan for the property unless I do assignment of contract and arrange it so I don't pay down payment or closing costs or anything. What do you all think? Thanks in advance!

[Mike Hanneman]

For the first deal I would recommend a buy and hold to get your foot in the door. Wholesaling isn't as easy as the "gurus" make it out to be. Once you have a buy and hold collecting rent and earning $$$ then you can work on other aspects of REI.

I know the buy and hold strategy isn't the sexy way to go, but it's most passive and will still require you to learn more about the RE game/system. That doesn't mean it's easy still by any means.