Wholesaling Questions from a College Student

1 Reply

What's going on, BiggerPockets Forum?!

I recently joined BiggerPockets and have already started learning more about real estate investing. I haven't begun yet, but I am exploring my options and getting educated. I've decided to look into wholesaling more in-depth because it looks like one of the best strategies for me to start out with.

More about me/Current goals:
I'm 19, starting my second year of college in Northeastern PA. Currently racked up about $11,000 in student loans as of now. I'm studying real estate investing because my goal is to have my student loans paid off (or close to paid off) by the time I end college. After that, I'd like to continue investing to allow me to start a business without taking on too much debt. Being in college, I also only have access to somewhere around 2-3 thousand dollars to begin with. I have fairly decent credit (above 720).

My questions:
Would it be possible to get into wholesaling without having a steady job and having student loans of that amount?

How do I find distressed properties (particularly foreclosures) in the area I'm looking to invest in?

If it is possible, how do I obtain a list of people who own property (landlords, other investors, etc.) in the area I plan on wholesaling in to sell property to?

Thank a lot, guys! I really appreciate the help.

Check out the latest podcast, it's perfect at answering this question.

You can call up a real estate agent and ask for a list of cash sold's in the past few months, those people are pretty set up to buy another property from you.

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