Wholesaling Inc and Wholesaling Houses Elite are two podcasts and Facebook communities where you'll find good education and instruction.Determine the niche you want to operate within, and become an expert at that channel before moving on to the the next one.

Many investors are happy with or chase the 1% rule well in Detroit ourselves and our clients and investors with the right support or know how follow the 2% and above rule.

I'd mostly use these ideas in other cities that I don't work in, going through normal channels.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

Your support and encouragement have been instrumental in my success!

Ideally, you build up a strong portfolio that will support your family in retirement.

However, like everybody mentioned before me, those houses needs full updates.Especially mechanical and electric service upgrades.Most likely, they work on older wiring.If you don't update it now, it would be fine, but if you decide to change it to central air etc... it will not be enough to support the new system.I would budget everything, and make smart upgrades.

There are some models that provide total flexibility in training and support - which is what I had to seek out to be successful. 

If you build an experienced renovation loan team around you (experienced lender, contractor, and consultant) you can have a nice support system there to guide you on your first one, which was a big help for me!

I have to admit there is so much to cover and it is a little overwhelming, however, from what I have read this seems to be a very supportive community.