Hello everyone, I'll be graduating college within the next year and I was simply wondering how to really start building my real estate portfolio. I'm really passionate about investing but a little hesitant. As many probably can relate I have little money right now with school and a part time job. However, I believe once school is over I will have an 800 credit score and some money saved up. What steps can I take to get started right now?
Handy Laneau your best bet is to study and learn. I did that for almost a year before I bought my first property. Now 1.5 years later I’ve got 3 properties and should be on pace to have 6 or 7 by end of next year.
If you have student debt pay that off too. Get a good paying job and learn lots and buy something within a year of graduating. Househacking would also be a good way to go.
Contrary to what others may say, I Would not recommend wholesaling. It’s a ton of work and has very little success rate. You could look into getting your real estate license as well but again just know that had a very high failure rate