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Updated about 9 years ago on . Most recent reply

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Jason Cash
  • Anchorage, AK
2
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Wholesale or rehab to start out?

Jason Cash
  • Anchorage, AK
Posted
I'm new here to BP and real estate in general but I really want to get into RE although I'm unsure of my best options. My credit isn't great by any means (580). I also would like to get a duplex or fourplex, when I get my credit back up of course but in the meantime still be able to get into RE I'm curious about wholesaling and/or rehab, which of those would be a good option in my situation if I could get the seller to come to terms of a lease with option or sub2? Any information would be greatly appreciated, thank you!

Most Popular Reply

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Marcia Maynard
  • Investor
  • Vancouver, WA
4,335
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Marcia Maynard
  • Investor
  • Vancouver, WA
Replied

@Jason Cash I would focus on the foundation of your financial security and credit worthiness before venturing into real estate investing.

Since this is unknown territory for you and you seem to not have a clear direction of what you want to do, where you want to go and how to get there, this is the time to study and learn as much as possible.  Go to the BP Education tab and start listening to podcasts and reading blogs. Continue to read and participate in the forums. Get yourself some of the best books available, as you will find many recommended by BP members.

Discern what type of investing is a good match for your aptitude, attitude, personality, passion. goals and timeline. If you have a life partner, discuss it with her or him too and involve your partner in the process.

All the best to you and welcome to Bigger Pockets!

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