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Updated about 2 years ago on . Most recent reply
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New to the Game
Hello, my name is Nathan. I have gained interest for wholesaling, flipping, and rentals in single, multi-family homes so far yet I only own my personal property. In colorado springs the market seems super difficult so I am wanting to stretch where I can in Texas, and toward northern Florida. I want to get to know my market first and see what I can do. Tell me if I'm wrong. I am trying to save money and educate myself as much as I can while having 3 kids, a beautiful wife and a full time job. Any wisdom and advice would be very appreciated. Thanks for having me in the bigger pockets community. I hope we can all build and thrive together.
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I would slow your roll and learn your own market first. There is no substitute for physically walking through properties. I would also get clearer on your property criteria and what type of focus you are going to have. Wholesaling, flipping and rentals are all completely different business models. To execute your business plan, you first need to have one. You wouldn't start a business that sold bagels, offered hatchet throwing and also did your taxes, right? Focus on one aspect of your business, then layer on others when you become an expert.