Hey fellow real estate investors,I'm Dennis, and I'm on the lookout for like-minded individuals who are exploring creative strategies here Raleigh NC.One experience that truly shaped my journey was navigating a challenging pre-foreclosure purchase.

Wholesaling is an exit strategy for REI, and to do it right, you need a marketing budget of $10K+/monthly and the cash to buy the property if something goes wrong.

It doesn't matter if you're using it as an MTR - you can just input all those data points.

So, my question is then is my new plan doable or is there a better strategy?

Come up with a strong financial strategy linked up with investment goals, budget expected returns and exit strategies.

Should I wait and build once we have more data about the future economy or take the plunge?

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And probably most importantly, figure out your exit strategy FIRST.

Only an accountant would bring this up but it highlights one of the greatest tax strategies available.  

My strategy for REI has been to build a portfolio directly purchasing and leasing real estate but at some point start to transition my funds into private lending others' opportunities and getting away from being the actual owner and manager of properties.