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Updated over 9 years ago on . Most recent reply
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Should I start with Wholesaling or Flipping?
Hello Bigger Pockets Family,
I need help getting started. Fear has kept me from investing earlier but as I've began to educate myself, that fear has gone and I am ready to begin. I've been thinking about whether to start with Wholesaling or Flipping but not really sure which route would benefit me the most.
My current situation...
I am a Banker of 3 years, my credit score is 713 with no capital. I live in Florida and I know that there are deals out here and have a found a few but could not make any moves on them because of no funding and I don't know how to approach someone with the deal because I'm still having a hard time understanding how the numbers work, in regards to figuring out the profit that can be made. I would like to transition from my full time job to being a full time investor. My dilemma is that as a banker, there is a conflict of interest to work with my clients on personal investments, so I have to be extremely careful or I risk losing my job, which we cannot afford. I've created a business for investing purposes and to protect my assets, as I acquire them. I'm just stuck on where to begin.
My questions...
For someone totally new to real estate investing:
How should I start as a Real Estate Investor?
What are some creative ways to build capital to invest in real estate?
Is there anyone in the West Palm Beach, Florida area interested in working with a new investor?
Most Popular Reply
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You need to have capital, even if you do something that's not expensive like wholesaling. If you can house hack and live for free it might go a long way in helping you save more money more easily.
- Vincent Crane