New to Real Estate · Enterprise, AL 36330 · Member since 2020 · 20 posts · 19 votes
I am a college student with only a couple thousand dollars in savings (and I do not have any student loans to pay off), but how could I start getting involved in real estate? I am studying for an engineering degree, so I know I’m not going to be able to put a lot of time and effort into it yet, but any advice on how to begin learning and meeting people is very much appreciated (and hopefully there are others in a similar situation who could learn from this discussion, as well).
If I were in that position I would look for deals near my school that would be a good candidate for a house hack. This way I could charge rent to off set any cost associated with ownership. To fund the deal I would ask for owner financing. That way I wouldn't have to worry about not having income and the whole pesky being broke in college situation. If the house need things like paint and yard improvements, I would use pizza and beverages of my friends choice to fund those simple upgrades. What so you think about that idea?
@Pride Davis Yes I have. I bought my 1st two duplexes with seller financing on contract and the 3rd duplex I bought this year with FHA 30 year fixed loan with 3.5% downpayment. I'm living in my 3rd duplex currently. With FHA, you have to live there for a year.