Real estate advice for beginners

[Hairo Meza]

I've decided to try and get into REI and I just feel like I don't know where to start. So many people say to start off with wholesaling , and others will say that it's a waste of time. I want to buy a multi unit rental property using my FHA , I'm working on getting enough money saved up , I just don't know if I should buy out of state or in my state (CA). Flipping houses is something down the road I would like to get into , but just definitely don't have the capital to invest that right now. I would just definitely appreciate any or all feedback. Even if I could get 1 on 1 conversations , I just know this is possible and I don't want a free handout , I just want to learn , expand my knowledge on strategies and execute.

[Tom Palmieri]

Just my thoughts but, I believe the 3rd and 4th quarters this year we will see a flood of foreclosures when the restrictions are lifted. Many people are too far behind on their mortgages now to save themselves. This will create a flood in the market and the homes in the 200 to 500k range will be plentiful. I'm looking into fix and flip multifamily. I think, if I am correct, their will be plenty of qualified renters with great jobs who simply cannot qualify for another loan if they were foreclosed on. If i can fix a multifamily, get it fully rented, I can then either flip or hold for greater profit. 

Ultimately, I will diversify, Small holdings for fix and flip, small investment in multifamily, and one or two above the 800k mark where the economy doesn't matter as much.

Best of luck to you