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Updated about 9 years ago on . Most recent reply
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Brand New to RE: Marketing Pro
After years of hearing people tell me I need to be in RE, I have finally taken the 1st steps. That first step being finding the forum and signing up. I didnt even know there were guru courses (or what they were) till reading this forum for hours last night. That is how new I am.
For me, my strengths are in marketing and copywriting. My weaknesses are selling. Marketing an selling are two different things :)
I have around $X that I would be interested in investing, but I need cash flow and the ability to increase the investment amount to invest in more of whatever it is I decide to invest in.
There seems to be 3 options for me: Buy/Hold, Wholesaling, and flipping
With Buy/hold, it seems like I would need a good number of properties, so I would need to find creative ways to stretch that $X. Then of course, what if a property doesnt rent and I have to carry a mortgage.
With flipping, this seems the easiest in theory. Buy one property, rehab and sell. Finance it to keep from deplete my investment and repeat after I sell each house. Lots of working parts, but if I find the right wholesaler to find me deals, I think this could work. Problem here is, I have no construction knowledge.
Wholesaling: Im a great marketer so I could probably find the deals like crazy. I could use my investment to market my business. From what I have read, this option isnt investing it is a JOB, but I would call it a business. Problem here is, I suck at selling and networking. Which means i will have a hard time getting people to sell and finding buyers.
As you can see, I have put a lot of time into reading in the past 24 hours. I didnt even know Buy/Hold was a term... or what it meant. The problem is, I am so new I dont even really know the correct questions to ask. But, with my investment and strengths, what areas of RE should I stat to focus my research on?