Introduction & Rental Property Investing

[Elandrous Peoples]

Greetings, I am a college students with 2 semesters left until graduation and I want to start investing in real estate. I have a 530 credit score and I want to know how do I start to invest. 

[Guifre Mora]

Originally posted by @Elandrous Peoples:

Greetings, I am a college students with 2 semesters left until graduation and I want to start investing in real estate. I have a 530 credit score and I want to know how do I start to invest. 

1. Identify Your Financial Stage (AKA raise your FICO Score)
2. Choose a Specific Real Estate Investing Strategy (Wholesale, Fix and Flip, Buy and Hold, Fix to Rent, SFR, Multi fam, Commercial)
3. Pick a Target Market 
4. Decide Your Investment Property Criteria (Numbers, Numbers, Numbers. Cash on Cash - ROI is King)
5. Build Your Team (Contractors, Realtors, Lenders)
6. Line Up Financing (Work backward what is the lender looking for to fund your deal)
7. Raise Cash For Down Payments & Reserves
8. Create a Plan to Find Deals
9. Schedule Your Time & Prioritize Next Actions (Take Action, Put it on paper and put a date on it, stick to the timeline, FYI watching videos or reading books is not taking action)
10. Educate yourself (Know terminology and how to analyze a deal)