Investing in Single-family Homes for cash & passive cashflow

[Jacob Tapia]

Hello!

For the past several months, I have been listening to the podcast and psyching myself up to start looking for properties in my neighborhood. Here is some information about myself:

I live in the St. Louis Metro East (IL) area and have been a homeowner (1st) for the last five years. 

I would like to start out wholesaling properties to generate cash flow and pay off debt and then move to a buy-and-hold strategy for the passive income. 

I am open to suggestions, advice, and tips on the first steps to building my reserves and passive cashflow. 

My reading/podcasts/training to this point includes authors like: Carlton Sheets, Bigger Pockets Podcast, "Flip", Russ Whitney, Robert Kiyosaki, and Donald Trump.

[Gordon Cuffe]

@Jacob Tapiadon't analyze. if you analyze for a couple hours and the homeowners don't even want to sell then you wasted your time.  contact the homeowners. see if they want to sell. if they want to sell then ask  "how much?"   it is that simple.  when they give you a number then write them a 30 day offer.  then analyze, inspect the house. if it doesn't work out just cancel the contract.  it is that easy