How do I get into real estate

Question

I am about to graduate with a finance degree from Auburn University. I want to get into real estate investment, flipping and long term rental but I need to build capital and want to start by wholesaling because it is something I an do while working a corprate finance job this next year at the same time. Hoping to get 1 deal done a month. Is this possible? Does anyone have any good mentors that would be willing to help me?

Camren Berry · Answer

Congrats on getting your degree. Wholesaling while working full-time is definitely possible, but getting to a deal a month usually takes consistent marketing, tight follow-up, and some time to build relationships with both sellers and buyers. normally it takes 6-12 months for your first deal to be realistic. The biggest wins normally come from focusing on one market and getting really good at solving seller problems. My team works with investors across a few markets, and we actually utilize a strategy that allows you to buy rental properties with no money down. So if you ever want some advice or help, let me know. You’re thinking about this early, which already puts you ahead of the curve.

Caleb Brown · Answer

I would start with a house hack. Get situated in your job, save up for a owner occupant loan, build your credit and do a 2-4 unit. Wholesaling is doable but house hacking is simple and repeatable. Doing a house hack gets you in the door while saving on what you'd pay for rent or a mortgage.

Izaiah Barba · Answer

Tate, yes, one deal a month is possible while working full time, but only if you keep it simple and consistent.If I were starting over, I would pick one outbound channel first (cold call or text), run it 90 days, and focus on tired landlords and high equity lists. Pull your data in PropStream, manage leads and follow up in Podio or REsimpli, and use DocuSign or Dotloop to get contracts signed fast. Most beginners lose because they talk to sellers once and never follow up.Feel free to shoot me a dm and I can share more on this!

Tate Cutler · Answer

Oh awesome that is nothing thank you!

Tate Cutler · Answer

Yeah that makes sense not something I really want to do but I know I want to start now in real estate I think this is a great Idea thank you. Do you know how long I have to live in the property for it be legal I know there is a minimum number of years. Do you know what that is? If not all good I can figure it out.

Caleb Brown · Answer

I think it's a simple way to start. Wholesaling is doable and many do it but it takes time and money to learn. That same time and $$ can be spent doing a house hack. You can always do wholesaling at anytime but it's starting a business, that means it takes time and money to get it off the ground. If you have limited time you won't see the results or fruit.

Tate Cutler · Answer

Okay thank you this is great advice, I understand househacking and real estate investing way more than wholesaling and much more comfortable with it. This might be a better strategy with where I am at and what I want to do.

How do I get into real estate

Most Popular Reply