Wholesaling
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply

dont Know if I should wholesale or flip houses* newbie*
hi I’m new to real estate but after I read rich dad poor dad I knew this is something I wanted to do. I don’t have a lot of resources or help it’s just me I am a single mom with two children I have a significant other but he’s incarcerated at this time. My biggest fear is doing it on my own and people taking advantage of me because I am a female. I don’t have a down payment to put down on a property. But my question is can I use credit as a down payment towards my first property and if I should go into wholesale first or flipping houses. Please I need some advice
Most Popular Reply

If you don't have a lot of resources, wholesaling would be the best and only option IMO. Unless you're doing a cash deal, the banks likely won't take it from a card.
As far as being taken advantage of because your a girl, first off I'll say, I'm glad you're aware that it will likely happen! Now, your best defense is knowledge-- know what a reasonable price for X/Y/Z is, and have the knowledge to say no, why you don't need it.