I have put way too much focus on just one project! Not good. I need to be more active because after all this is a numbers game. The more properties you work the better your chances of closing a deal. I have decided to start buying my own REO's but my bread and butter is wholesaling. It is just the same as when you are a licensed real estate agent. Your rentals are your livable income because they are very prevalent, and sales, although they have big payouts, can sometimes be few and far between, and always take much longer to close. Sales as an agent take time and typically are to many degrees difficult.
I feel that the same applies here, due to the fact that in this market there are a ton of investors looking to buy, and a lot of sellers looking to get out of a jam, and most importantly there is no other investment other than time and effort. But with flipping REO's you need to have the investment capitol for each property, some you may want to or need to put money into and overall it is a much longer process, or at least for those of us that don't have a ton of liquid assets right now.
Tomorrow I will look for a ton of new properties to wholesale as well as begin on the first steps in buying REO's. I don't really know the first step But come tomorrow I WILL!
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