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Updated almost 9 years ago,

User Stats

17
Posts
9
Votes
Dorian Redden
  • Real Estate Agent
  • Philadelphia, PA
9
Votes |
17
Posts

Is wholesaling a good start for me?

Dorian Redden
  • Real Estate Agent
  • Philadelphia, PA
Posted

I am just starting out in my real estate investment journey. I have been reading, researching, listening to podcasts and actively using bigger pockets for about a month now and I feel like I have gotten great information, but I am scared to start investing. I know that in order for me to really begin investing I am going to have to take that next step and start making deals, but i am unsure how exactly I should get started. 

My plan is to start out wholesaling just to get my feet wet and get a feel for the business, and use the money I am able to save from wholesaling to do some house hacking and buy a duplex or triplex. My ultimate goal is to become a full time house flipper because I love the idea of taking a house that is run down and old and falling apart and turning it into something beautiful. 

With all that being said, I am not exactly sure what the best way to get started wholesaling is. Should I find a home first and then begin to look for potential buyers? Should I find a buyer that is looking to flip a house first and then begin my hunt for finding a property? Or is wholesaling not even a good way to get started? 

I would love any feedback that I could get from anyone that is currently wholesaling or has done some wholesaling in their career. Both success and not so successful stories so that I can know what to expect. I am just looking for some guidance before I get started.

Thanks! Dorian 

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