I want to get into wholesaling in Indianapolis. I've heard all the "gurus" talk about getting into wholesaling with no money no credit. I know it can be done from a buying standpoint, this is a business like anything ...

I'm brand new to this and I thought there might be a way to pull money out and just pay the bills with the rents but I think the margins would be too close.

I'm brand new to real estate investment.

Would I be better off just leasing a brand new Camaro?

I can't even say that I'm a new investor as I'm brand new and looking to learn.

A brand new investor, on the other hand, may want a partner with more experience that can help work through the deal

They exist yet are hard to find, but I am getting a lot of info on multi-family availability and hotel/motels - mom and pops, some with owner finance, some franchised and/or national brand flagged in places like Ocala, Gainesville, smaller towns in Central and North Florida.I'm pretty good at sniffing these things out.

Oh it does have the crab on it because that is part of my branding.

Now if I buy a brand new house, I will have to put large reserves only if I intend to keep it long term.

I'm Christine from Rockville, Maryland and very brand new to REI.