Real Estate Investing for Beginners

[Scott Sanchez]

Hi BP Community,

My name is Scott and I’m an aspiring real estate investor from Orange County, Ca.

I’m looking to learn from experienced investors about how to begin this journey and avoid costly mistakes.

I’ve come across 3 strategies in particular that I’m interested in exploring, (Buy&Hold, Fix&Flip, and Wholesaling).

It seems that Wholesaling is a common strategy for new investors who want to get their feet wet in the industry. Especially for those with limited income available to purchase distressed properties, afford repairs, update existing structures, etc.

So my questions for the BP community are:

1. Is Wholesaling a good option for beginners to learn the industry and understand the market?

2. What risks are associated with wholesaling in SoCal?

3. Should I form an LLC?

*Ultimately my goal is to use wholesaling as a platform to finance larger projects, such as Fix&Flip and/or Buy&Hold.*

Thank you in advance for anyone who took some time to respond to my questions.