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Updated over 8 years ago, 03/25/2016
Random Question
What is the best way to start out REI being a newbie? Whosaleing, Flipping, ext.... And if you can please explain.
Hello and come to BP! It all depends on you and what you want to do. Some a short term and some are long term. Do you have any cash? Do you have a regular full time job? Are you going to be dependent on financing? A bunch of things will determine your route. It is not all the same. Just get a bunch of eduction to help you. Mistakes and fear are normal. Just keep moving forward. Good luck!
I would reccomend reading info from this site, pick one way and stick with learning it daily. For example I am learning about multi family daily by listening to podcats, researching properties, and reading the book I just bought by Brandon Turner. Consistency is key to learning about the real estate game, there is no one best way and you need to find what suits your financial needs and future goals
Good luck!
- Investor
- Maui, HI
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Thanks for the shoutout @Steve Bracero!
As for your question @Eric L Walker - that's a loaded one :) Good info already given. But I'll add this: take this free video course. www.biggerpockets.com/courses. It'll help you build that solid foundation for figuring out what the best thing FOR YOU is. Because honestly, there are SO many paths and they ALL work - but they might not all work for you. Only you can decide what's best for you, and that course, along with all the other stuff on this site, can help with that!
Thank you to all you guys. I'm really taking all this info in and I'm gona make this happen. Appreciate you Branson for commenting on my post didn't think you read all the newbies post but I thank you. I'm actually listening to your podcast now as we're speakin. #89 very interesting
Another question for the BP family. Can I get a 203k loan to buy and flip a house?