I think it's just going to get more popular as the water restrictions go into effect.

Real estate is fast becoming the most preferred choice for the people who want to invest for the profitable future.

This is a good option if you have a seller with a substantial amount of equity which they are willing to lend to you at a low interest rate.People used to use lease options to accomplish the same thing, but so many ran into problems with only being a tenant that it's no longer a popular technique.It sounds like you're targeting a good list for wholesale deals.

Lending club and Prosper are two popular ones.

Seems like wholesaling is one of the most popular topics in real estate investing!

Most of these properties profit about 5500 a year I just don't want to make the wrong choice on my first deal.  

So, plan ahead and go see your area of choice before you decide to make your decision.

So which one is a better choice for a first time investor?

This would be a legal issue, I would suggest the quit claim if executed, would be in front of an attorney of your choice, notarized, sealed, and copy of the file kept on his file depository, your local UPS Notary will not retain a copy of the wuit claim.

At least I have some options, I just need to make the right choice..