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Updated over 1 year ago,
Wholesaling or Flipping?
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?
*Apologies if this is a duplicate, I'm not sure if my first one actually posted*