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Updated almost 9 years ago,
Struggling Newbie seeks advice on kicking into overdrive
Good morning from Missouri BP Nation! I hope everyone is well and blessed this Sunday! A great friend and mentor has taught me everything he knows about Wholesaling, and he has done quite well with it. I've taken a few houses under contract and never found solid buyers so I gave up probably to early.
My biggest concern or probably FEAR is that no local title company would work with me on them unless I strictly double closed. In my mind, if I had the backing for each deal to actually pay for the house and flip to the next buyer same day or next day I would be aggressive in finding and flipping properties. But again, my evil voice says "what if the buyer falls through." I am aware that some transactional lenders exist and I understand point systems, I guess I just don't understand the qualifications for your first flip?"
I have been to and completed Real Estate School in Arkansas but moved to Missouri and never got my license. I have been a Renatus member. While the education seems there with Renatus, I just can't justify coaxing people into a 20k class I know they can get for free on BP, or pay $500 and get an actual real estate license.
I currently build websites and mobile apps for businesses from home and enjoy it but the income isn't consistent. I would like to do 1-3 house deals a month for a secondary income that I hope would become full time income in 6 months or less. Those of you who have had success, which direction would you point me in. I appreciate your time reading this and look forward to your replies. Have a blessed week!