Jared from FlitItBig asked me a good question in his comment to a previous post. He asked “What area are you looking to invest? Buy and hold? Wholesale? Rehab and flip?” This is a very important question to answer before I get started, I mean how can you write an effective business plan if you don’t know your exit strategy right?
My focus will be on wholesaling. From my research this is a good entry point into the real estate investing world because it helps build your money reserves. It also has less risk then say rehabbing and landlording. I also like this strategy because at first I can be a birddog in order to gain experience finding deals. Going from birddog to wholesaler shouldn’t be that big of a step, just add risk 🙂