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Updated almost 11 years ago on . Most recent reply
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Wholesale or Fix n Flip 1st?
I want to ultimately do fix and flips i know Wholesaling is a good way to get started in investing but if you can find the right opportunity and the right people to back you can going straight into fix and flips be a good decision?
Signed,
Anxious to make some good money and leave my day job lol
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@Renee Stewart gave you some good food for thought. It depends on you. On your current capacity and strategy. You know what I found out about wholesaling, most people do it, but do not call themselves wholesalers. Rehabbers who get a lead, they do not want, they wholesale it off or JV on it. I think many people get hung up on trying to be this or that. I agree that one should have a primary function, but that does not mean you cannot do other things. So depending on your situation, if you find a property that you want to fix and flip then do it, if after you get the property under contract and you find that you cannot fix and flip it for any reason attempt to wholesale it. So if you buy right you can have multiple exit strategies. Most of the successful people I know in the business incorporate a little bit of everything and leverage others to get most if not all deals done. The business is incoming leads and exit strategies. That can be anything wholesaling, rehabbing, lease options, notes, tax liens, whatever.