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Updated over 6 years ago,
Getting started in real estate
Hey guys, I had a quick question. When you first started off in real estate investing did you start off doing wholesaling, flipping, or house hack? I guess I’m at a little bit of a dilemma and I don’t know what to do. So here’s my situation; I have about 20k on a credit card but I don’t want to use it towards renovations etc because I don’t want to hurt my credit score and plus I don’t think it would be a wise decision to make. I currently bank with Navy Federal (IF ANYONE HAS EVER BANKED WITH THEM PLEASE GIVE ME SOME INSIGHT.) and been thinking about making a business plan to get a business loan with them is this a good idea?
My lease isn’t up until next July, so should I just wait until then and just wholesale and stack my money and do a house hack or should I still move foward with the business plan and try to get the loan.
Also is the wholesaling as easy as people make it out to be?
If anyone has ever been in this situation please give me some advice on what you did or pitfalls to look out for.