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Updated almost 9 years ago,

User Stats

10
Posts
2
Votes
Silas Lee
  • Vienna, VA
2
Votes |
10
Posts

new member in NoVA looking to become better investor!

Silas Lee
  • Vienna, VA
Posted

hey guys, i've been reading on these forums for over a year but never really posted. I figure its time to come out of the shadow. In parallel I've been learning about the general REI strategies out there.

I have two rentals that i bought a few years ago but knowing what I know now, i prob wouldn't have bought them due to using traditional buying methods.   They cash flow so I'm just going to leave them be as of now.

I was dead set on marketing for deals for wholesale flips by reassigning.  I have purchased and read various training programs (sean terry being one of them) and realized they are all spouting the same strategies with their own flare so i figure I'm ready to go..   Recently I have had some what of a paradigm shift after talking to a local investor. They jive with some things i've thought about also.

I couldn't help but notice majority of the people looking into wholesaling come from a lower income pool of population, and all have aspirations to "work up to" rehabs.   I understand we all have different backgrounds and situations, but i had an investor suggest I should just focus on buying wholesale deals and doing rehabs because  A. i have a bit of capital that can be combined with a hard lender,  and B. I have a day job that pays some what more than most people and wont have time chatting with hundreds of sellers.  

Without actually have done it, its hard to assess whether I can handle call volume while focusing on my day job.   Does Sean Terry downplay the work load when he says something like "just do it when you're off work and on weekends"?  

Perhaps touchy subject?  I hope we can look past that, and we can share experiences that put us all in the right direction. 

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