Is wholesaling my only option as a broke college student?

6 Replies

Hey BP,

I want to begin my real estate journey and throughout the last few months I’ve been educating myself as much as I can. Wholesaling seems to be the best place to start as it typically requires less capital than other strategies. I’m very interested in working with rental properties but I do not have enough saved up and getting a loan as a college student is unlikely.

Would wholesaling be my best bet for raising capital and then branching out into other strategies later down the road?

Not at all. I would recommend grabbing a copy of Investing With No or Low Money Down from the BP bookstore. This book will tell you all about creative financing for almost any type of deal you're looking for. I just finished it and it's given me all types of ideas for financing my next deal. Good luck on your real estate adventure. You're in the right place! 

@Desmond Fitch no problem. I wish I had started investing in college rather than a little later in life!

It's an option, but it's far from the only option. 

To be very clear- wholesaling is not an investment strategy. It's a job. It requires less capital because it's not investing.

Wholesaling will teach you a lot about real estate, but at the end of the day it's just a job. You can work any job to save the money while you learn about REI... if wholesaling isn't all that appealing.

https://www.biggerpockets.com/blog/get-started-whi...

Maybe one of those help?

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