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Episode 62: Wholesaling isn't the ONLY Way to Get Started in Real Estate Investing
Manage episode 373612675 series 3369452
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Many people new to real estate think they have to become a wholesaler to get started. Look, I get it. The traditional way of buying rentals or flips takes a ton of cash and feels risky while wholesaling takes very little cash and seems risk free. Many of the real estate gurus and teachers say wholesaling is the best way to get started and it might be for some but it isn't for everyone.
Wholesaling requires a certain set of skills which will be a perfect fit for some and a terrible fit for others. It's like saying every college student who wants to be a teacher should learn how to be a science teacher. Sure, some people would make great science teachers but others have different skillsets and interests and they should find an area in the teaching industry that fits them individually.
You can follow the typical real estate advice and start with wholesaling or you can learn which part of the industry is more appealing to you and your situation and take strategic actions towards your goals. So which path are you going to take? If you want to learn more about alternatives to wholesaling then come hang out with us as we dig deeper!
References:
- Vena Jones-Cox Real Estate Goddess HERE
- On Purpose Investor Top Ten Audio Guide HERE
- Meet the Frugalwoods by Elizabeth Willard THames HERE
- The Millionaire Mindset Club HERE
- Bill Cook HERE
- David Tilney HERE
- Adrian Smude HERE
Purchase your copy of The Pathfinder's Journey: The Key to Your Dream Life Through Real Estate Investing HERE
About Us:
We are real estate investors Tiffany and Eric Vogel, founders of www.onpurposeinvestor.com. Four years ago we began our real estate investment journey together after just one year of dating – before we even got married! We bought our first property with an FHA loan and zero equity. Each of us has a unique set of strengths that we bring to our partnership.
Join us each week for another episode full of tips, tricks, and methods to find your path and make it happen.
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Email Eric: eric@onpurposeinvestor.com
Email Tiffany: tiffany@onpurposeinvestor.com
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