Complete noob to investing! Help?

[Naomi Taylor]

Hello BP!

My name is Naomi and I am completely new to REI. I am only 18 years of age and I don't know where to get started. My future goal is to own several properties that I can rent out to tenants but I have no money to do that! Does anyone have any tips as to what my first move should be in the real estate world so I can gain some capital? I've been checking out wholesaling and it seems like the best option right now but I am still open to new ideas.

Thanks!

[Joel Calkins]

Wholesaling is a great way to get the ball rolling in real estate. 

Here are some things that may help getting started:

Do some research in the market you plan to gather contracts in (Driving for $$$, skip tracing, Redfin fixer-uppers)

Source a pool of cash buyers. (local REI club, craigslist listings, fix and flippers)

Decide whether you will sell the contract or double close.

Make sure to do plenty of due diligence but don't fall into 'analysis paralysis'. Feel free to PM me if you have questions, I am starting a wholesaling company in the SE Michigan area myself!