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Updated over 6 years ago on . Most recent reply
Newbie needs help with potential deal
Hello BPers! I am a newbie interested in getting my rental portfolio started but I have been encouraged to start with wholesaling to build capital, with that being said an opportunity fell in my lap (potential first deal) but its 3 hrs away (Edison, GA) I have researched the area and it appears there is not much activity. Trying to connect with any investors in or near that area. Any info on the area, comps, rental cap rates, property appreciation, contractors, inspectors ...ANYTHING !!! will help! Thank you!
Abigail
Most Popular Reply
Wholesaling is a lot harder business to pull off than rental portfolio building. You need to understand the buy side, marketing to other investors, estimating repairs and exit for a flip. Add that you are a new investor in an area you are not familiar with and you could be creating a headache for yourself.