All Forum Posts by: LeAnna Davis

@Blake Walsh  Hey Blake! Welcome to the broke college club.  I have considered that.... but not in such detail.  My problem is I would not be able to qualify for a loan because at this college they only allow me to work on campus.   And everything I earn goes into the college fund.  Are you hoping to use the rental's income to pay the monthly payment (and maybe have a bit extra)?  How many years are you talking?

Hey guys- as a college student I have been in classes all day and have missed some of the fun.  @Tiffany Milan thankyou for your feedback.  I am definitely still doing research and am glad at all the useful feedback I have been reading.  @John Thedford thankyou for your feedback as well.  As I stated earlier I am not trying to do anything illegal.  I have talked to others outside this forum who have the knowledge you do and it is not illegal to put a house under a contract stating you have power to assign if the seller agrees in writing.  I will still look it up though- I am not a horse and this is a professional community site.... just saying.

Also, I am not doing flips just yet so a fixer upper is not technically the wholesale deals I am refferring to.  If you have anything you need to say feel free to inbox me John Thedford. Thanks for everyones feedback

Whoah hey there! I'm not trying to do anything illegal.  Anyone can legally buy a house and sell a house.  There is also nothing wrong with putting a house under contract with "power to assign" in it as long as the seller knows you are.  Wholesaling does not require a license that I saw.  I haven't even advertised a house yet??  How can that be illegal?  

And to the others- I really want to get involved in real estate before I finish college.  If for no other reason than so many have told me I can't.  (I also love it- reading about it, looking at houses, meeting new people, etc.)

Hey guys, this is LeAnna.  I am a college student in Pensacola Florida at Pensacola Christian College.  I am brand new and don't even have one deal under my belt.  I have talked to a real estate agent who said that wholesaling is my best way to go for my first deal since it requires no money down.  I have noticed a couple houses for sale on facebook.  I don't know if facebook would be ok to start looking on or are there other places I can look.  Houses for sale by owner are harder to find.  I have looked through a couple fsbo websites and only found two really expensive houses for sale.  What would you say to a newbie who hasn't even started? I want to graduate debt free and want to have done at least a couple deals before I graduate.  Is this unrealistic?  How can I be sure I am doing everything right??

Keep in mind the pdf print report is for pro members only.  Also, you only have 5 uses of each calculator.  I guess my one piece of advice would be to write out what you need on a piece of paper so you can actually see it visually.  Then when you put together your excel you won't forget anything.  I hope this helps.

Hey I am not much older and also in college right now.  Try reaching out to your local group.  Look around on BP as well.  That is where I found help.  Often someone from BP is actually in your area and you never know, they may help you out some!  Also, make sure your keyword alerts are set up.  That way when people talk about things you want to learn about you can go to those forums and read about the latest involving those subjects.  I hope this helps!  And best of luck!

So, Exavier Hamilton , what types of properties are PMLs most likely to fund you on?  My original thinking was that fix and flips would be the quickest way for them to make a profit... but you said they have left a bad taste in PMLs mouths?  I can see why.  So in your opinion which would they be more likely to consider funding you on and how can you convince them you have a good deal?

Ok that’s what my thinking was. And I’m a blunt person so no forgiveness needed for being blunt.:)

I was looking on craiglist at houses and came across a hard money loan add.  I am not sure if I can post the link here so I did not.   am a brand new newbie who hasn't even completed a deal yet because I will need a loan if I want make an offer.  How would you know if the add on craiglist is legit??

Wow Michael Newman! More power to you.  If you were closer you are exactly the kind of guy who I would want to partner with.  You are in my situation exactly.  I have no capital as a college student here in Pensacola FL.  The market down here is definitely cheaper though!!  I am 20 and want to start in real estate before I graduate.  Right now I have been looking into a hard money loan or another idea to help me get started.  Maybe you could try that?