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Updated 26 days ago on . Most recent reply

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Tate Cutler
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How do I get into real estate

Tate Cutler
Posted

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?  

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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
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Crystal Smith
  • Real Estate Broker
  • Chicago, IL
ModeratorReplied
Quote from @Tate Cutler:

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?  



Just my opinion but you need capital to wholesale & do one deal per month. That captial will be deployed towards marketing, setting up systems to manage your deals and Earnest Money Deposits. The marketing will be to develop your buyers list along with potential sellers. Without this you'll get very frustrated.  You also need to examine the laws in the state that you plan to wholesale to understand what you can & cannot do without a real estate license. 

My recommendation- get a real estate license- Not to become a realtor representing the public, but to have access to resources that many investors use that aren't necessarily available to the general public.  Example- I have access to propert information for every property in my State (Absentee; preforeclosure, mortgage rates,.....) Some property owners we approach to make offers in lieu of trying to get a listing. 

I also recommend researching  investor friendly brokerage or realtor near you & join if you decide to get a license or partner if you don't get a license. Then leverage the relationship to learn. 
  • Crystal Smith
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