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Iowa Real Estate Q&A Discussion Forum

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Kaleb Bauer
  • Rental Property Investor
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College Student Problem!

Kaleb Bauer
  • Rental Property Investor
Posted Feb 27 2020, 16:52

Hello All!

I am a 19 year old college student here in Iowa. I have been interested in getting into real estate investing ever since reading "Rich Dad, Poor Dad" by Robert Kiyosaki. Since then, I have started reading about Brandon Turner and that is what led me here!

Since I am a college student, I don't have much saved up to start buying properties. However, I would like to get involved as soon as possible. I think I want to do a type of house hacking in the Cedar Falls area as I will attending University of Northern Iowa. I don't have any credit so it will be pretty hard for me to get a loan to purchase a rental property in Cedar Falls or Waterloo. Should I wait until I get a steady income and start saving up what I can for the future, or find a private lender somewhere who will be willing? Any information or advice would be really helpful.

Thank you for the help!

-Kaleb

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