Newbie From Kansas Please Help.

[Trevor Morgan]

Hello Everyone! My name is Trevor. I am 23 years old from small town Kansas. My goals with real estate to break the stigma of my family tree and lead my family out of poverty. I am a passionate guy who just wants to succeed. I have the desire to learn. I am about to get my real estate licences in about a month or 2. I am wanting to then get a job just as a real estate agent then later just buy my own properties. But I don't understand how this whole finance and where people find the lenders. I also know the strategy I want to do when I invest. I have done market research on the 2 cities I want to invest in and have a general understanding of my market's. I want to do the Buy and Hold strategy but when I start out I want to wholesale Property to be able to finance my own deal's. How would you all suggest I get into wholesaling? How does it work? Is wholesaling and buy and hold the way to go?

[Michael Wallimann]

Hi @Trevor Morgan congratulations on getting started on a path to build your future and better the lives of your family. I am not a wholesaler and wouldn't be the guy to give you advice on that topic but there is a wealth of knowledge on this site if you just start digging. Wholesaling has also been discussed in great detail in many of the podcasts. I would suggest that you start by saving as much money as you possibly can. Start looking into getting an FHA loan on a small multi family property where you will only need 3.5% down. Live in one unit and rent the others out. Have other people pay your mortgage for you. After a year you then have many options of avenues you can go down to start building your portfolio. Remember real estate is generally a get rich slow game. Do your homework, get started, work hard and continue to learn as much as you can. Best of luck to you!