Wholesaling or Flipping?

[TJ Fries]

I wasn't sure where to put this post, since it mentions Wholesaling and Flipping.  But, I'm very very new to the real estate investing game.  I'm only in the research and education phase.  But I was wondering; From the more seasoned and experienced players in the game, would you say wholesaling or flipping is the way to get your foot in the door of real estate investing?

My personal thoughts:

Wholesaling seems to be the way to go since it's a faster and easier way to make a profit and create those networking connections and relationships.  However, there seems to be much more moving parts on your part (contacting an attorney for contract drafting, contacting title agencies for escrow, etc) and it seems like a more in depth process than flipping.

Flipping, especially the way Jake Leicht teaches, seems to be less involved, seeing as how you can flip houses that are in a totally different state.  You contact a real estate agent to mitigate the transactions between you and the seller/end buyer, you contact HMLs and GAP funders to get your flip funded, and you contact a contractor to do the work.  There seems to be 3 points of contact for you personally (agent, lenders, contractors).  However, flipping does seem to be much more risky than wholesaling and doesn't seem like a good starting point.

Just my thoughts, what are the experts thoughts?

[Don Konipol]

Quote from @TJ Fries:

I wasn't sure where to put this post, since it mentions Wholesaling and Flipping.  But, I'm very very new to the real estate investing game.  I'm only in the research and education phase.  But I was wondering; From the more seasoned and experienced players in the game, would you say wholesaling or flipping is the way to get your foot in the door of real estate investing?

My personal thoughts:

Wholesaling seems to be the way to go since it's a faster and easier way to make a profit and create those networking connections and relationships.  However, there seems to be much more moving parts on your part (contacting an attorney for contract drafting, contacting title agencies for escrow, etc) and it seems like a more in depth process than flipping.

Flipping, especially the way Jake Leicht teaches, seems to be less involved, seeing as how you can flip houses that are in a totally different state.  You contact a real estate agent to mitigate the transactions between you and the seller/end buyer, you contact HMLs and GAP funders to get your flip funded, and you contact a contractor to do the work.  There seems to be 3 points of contact for you personally (agent, lenders, contractors).  However, flipping does seem to be much more risky than wholesaling and doesn't seem like a good starting point.

Just my thoughts, what are the experts thoughts?

Doesn’t matter which you choose.  Without experience, knowledge and capital your chance for success is 1%.  With the wrong (guru) education your chance for success is negative 1%.  

If you’re SERIOUS about a real estate investing and or business career, here’s the only path I know to success
1. Acquire knowledge of real estate principles, real estate law, and real estate finance
2. Acquire experience by either investing in a small project (assuming you have investment risk capital and credit) or obtaining a job in the real estate investment field
3. Network with experienced, successful real estate investors and practitioners
4. Increase your income through obtaining a higher paying job or creating a side hustle and decrease you expenses through greater fiscal discipline in order to acquire an investment “grub stake”.

5. Forget the guru mentorships bs, if these people know anything they’d be to busy in real estate to be in the miseducation business.  Most “mentors” (there are a few exceptions) are paid actors representing one of a few “seminar” companies operating out of Provo, Utah or Las Vegas, Nevada.