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Updated about 4 years ago on . Most recent reply

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Ronnie Edwards
  • Los Angeles, CA
4
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What field of real estate should I hop in as a newbie with tiny $

Ronnie Edwards
  • Los Angeles, CA
Posted

Should start trying to flip whole sale etc just something to get in the door

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Aaron W.
  • Rental Property Investor
  • Northern Virginia
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Aaron W.
  • Rental Property Investor
  • Northern Virginia
Replied

@Ronnie Edwards That's great you are looking to start in real estate!

Where you should start depends on your why and goals in in investing.  You'll want to think through what goals you have and where you want to be.

Flipping and wholesaling are different and need specific skillsets. Do you have the personality and skillset to accomplish either?  

If neither of those are what you want to do and maybe actually want to buy and hold properties, then you can start there as well.

Funding can be overcome if you can focus on finding great deals. Financing options including hard money, private money, partnerships, and other investors. Unlike traditional lenders, like banks, the options above emphasize the returns on the deal over your personal financial situation.

In short, you'll want to start educating yourself on investing in real estate to find out what you want to invest in. You will find a niche that interests you and then you can start focusing on those areas.

Good luck!

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