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Updated over 9 years ago on . Most recent reply

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12
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Norris Fils-Aime
  • Personal Banker
  • West Palm Beach, FL
0
Votes |
12
Posts

Should I start with Wholesaling or Flipping?

Norris Fils-Aime
  • Personal Banker
  • West Palm Beach, FL
Posted

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

User Stats

693
Posts
357
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Vincent Crane
  • Realtor
  • Atlanta, GA
357
Votes |
693
Posts
Vincent Crane
  • Realtor
  • Atlanta, GA
Replied

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

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