Hey BP!
Ok so, I know I don't post very often. But I've been reading articles non stop, trying to take in as much info as I possibly can. Now I like to think I have a pretty good idea as to how REI operates, and I really want to dive right in.
Ok so, the reason I'm posting now is because I'm still completely brand new to all of this, but I think I've come up with a pretty good way to get started. But honestly I'm terrified that I may have overlooked something important and I could mess up because of it. So I'd like to tell you guys my plan, and I guess anybody can tell me if it's good or not.
I guess to sum it all up, I'd like to use a hard money loan (unless anybody has more useful suggestions) to purchase foreclosures (in the Atlanta area) and resell them to flippers. Or, I guess whoever wants said property. Is that a good way to start? Am I missing anything important? Do you guys need more details? I'll take any kind of criticism I can get, be as blunt as you need to be.
Thanks guys. Oh and by the way, just out of curiosity, if I start out like that, would that be considered flipping or wholesale? I feel like it has elements of both, and I'm not to sure what category that falls into.