All Forum Posts by: Garret Brady
Garret Brady has started 2 posts and replied 2 times.
Post: A roadmap as a college student?
- Placentia, CA
- Posts 2
- Votes 1
Currently in my 2nd year at college, and I know that I want to do Real Estate Investing, with Real Estate Development later on. I've read a handful of books on Investing, worked at a property management company, and have talked to other investors in my area for a project I once did. I want this as my career, but I wanted to ask for help. I am a student, and don't see much of an opportunity to start investing until later on, once I graduate as I'll have saved money and be working a full-time job. What advice could you give me to help me prepare myself for investing?
I read a range of books (self-help, leadership, charisma, speaking and communications, entrepreneurship, technology, etc) along with the limited reading I do for Investing currently. I will be working on a 10 unit development project this summer, learning a general range of information on RE Development. Will work at the property management company for 2 months during summer, and will take my CA realtors test this summer as well.
Along with these tasks, are there things I should be doing currently or should plan to do in the future to better prepare me for Real Estate Investing? Thank you for helping if you can.
Hello all,
I have read a couple of REI books and have some more I plan on reading and taking notes on, and while I would love to invest in RE, I understand that I need at least 10% and upwards of 25% as a down payment to invest in properties, as zero down investing or having a seller work with me is a very far away possibility to begin purchasing RE. The problem I have though is that I am only 18 and entering college, so I don't have much money to spend. I am currently saving and working jobs to earn money, but it's a far ways off before I actually own properties of my own.
My question then, is how can I get into wholesaling properties? Do I actually need a down payment for me to hold the property until I can find a buyer for the property, or is there some mechanism that allows the property to be kept on hold without me having to pay a large sum to acquire it, while I search for a buyer?