Updated about 5 years ago on . Most recent reply
Best Ways for a College Student to Finance Rental Properties
Good morning!
I am a college student graduating in May 2022 and absolutely loved Brandon's book "The Book on Rental Property Investing". I'm interested in purchasing my first rental property within the next year or so. I have been saving up money from my internships and should have a descent amount of cash available for a down payment. I think that the low interest rate environment we are experiencing today presents a great opportunity for buyers and I want to take advantage of it. However, I have a limited work history and I don't want to wait 2+ years post-graduation to qualify for a loan and get started in real estate. It seems that my best bet is to finance my deals through a private lender or hard money, but wanted to hear your thoughts on other possible routes to make this happen.
Finally, being new to the game, I would love to hear of any advice you believe is worth sharing for someone just starting out.
Cheers!
Most Popular Reply
@Julio Villaroel there are FHA programs like 203K that can finance rehab on owner-occupied properties that may be worth looking into for you.