How do i get started in Indian real estate market?

[Om Nalamwar]

Hello Biggerpockets community,

I am Om Nalamwar i am 20 years old. Currently i am in college doing my engineering i am in final year now. I am hardcore intrested in real estate. After one year of college. i will be in cubicle doing any tech job if i follow any normal path, but i don't want to live life working for someone else. I am very very good at my academics but i am not satisfied with what i am doing, i can get any job that i wanted to, But i want financial freedom. Financial freedom through real estate investing. My father divorced my

mother when i was of 6 months, my mother died when i was of 17 yr old, and then my caretaker became my maternal grandmother, she also died last year. Uptil my grandmothers death i was like living in utopia i was not familiar with the world of money, finance, wealth, generational wealth and investing. Everyone showed up doors for me. My Uncles took away every assets my maternal grandmother was having i didn't got a dime. Then i started learning everything about finance and real estate. Started from Rich dad poor dad. I am now living under college premises college helped me lot considering my financial situation and my academic performance. They provided me short term compensation.

I don't know what to do next, because of my financial situation. I am stuck here. Here in city where my college is like village. It has a very famous temple, tourism sector based area. Only driving factor of Economy here is Temple. All money of this land is in trust of the temple. Temple has very big short term rental building for people coming to temples. Here the trust controls everything. so the rental rates are like 1.875$ per day it do not cover mortgage payment of monthly when calculated as here cap rates are very compressed because of tourism sector. Here in commercial units there are lot of oversupply. so many of the units are vacant. Everywhere there is to-let signs.

I am very feared don't know should i be looking for drop out from college. I don't have anyone to sup

port me and guide me through carrier. But i don't have anything to pay bills for. Everything that i know is real estate. I know it in my dreams, life and while i am sleeping i gets into property analysing and making transaction and investing. Everyday reading upskilling via books and podcasts of biggerpockets.

I had watched 2000hr of biggerpockets content available on youtube. Sideby side i was also reading the books such as millionaire real estate investor, how to create wealth investing in real estate, crushing it in apartment and commercial real estate, best ever apartment syndication book, how to invest in real estate with low and no money down, abcs of real estate investing, how to invest in real estate and many more including Rich Dad Poor Dad. Alongside the podcasts of various investors like Grant Cardone, ken Mcelroy, Meetkevin, Whitney Sewell, Graham Stephen, Tyler Cauble, Chriss Lopez, Kyle Marcotte, Ben Mallah, Matt Onofrio.

It is one year since i started learning from all books and youtube biggerpockets, writing every important terms in my notes, formulas and strategies into a notebook it includes points such as Cap rate , NOI, How to find value of commercial real estate, calculation of home prices, loooking comparables, its relationship business, it is dependent on local market condition, supply and demand, seller financing, hard money lender, private money lender, notes, appreciation, depreciation, amortization, tax writeoffs, heavy value add real estate, partnerships, syndication, General partners, Limited partners, KP, Seller carryback, Seller credit, Due diligence, Tax deferring through 1031 exchange, mortgages, bank financing, leverage, interest only payments loans, PITI, insuarnace, taxes, Expenses, cashflow, market cycles, negotiation, housing, commercial, multifamily, warehousing, assisted living, luxury markets, hotels, Mobile home parks, BRRRR strategy, Value add, Equity, market cycles, crashes, wholesaling, flipping, buy and hold, office space, shopping centers, data centers, Entities, llc, S corporation, C corporation, Trust, Property management companies, turnkey, long distance investing, lease options, wrap, writeoffs, rehabs, short term rentals, wedding halls, hospital rentals, Networking etc.

I am getting trouble networking with Real estate investor here. As the it is village there are no networking e

vents. As my entire day gets ended up in college. I go to meet real estate housing developer here in the villag

e for getting leads and thereby looking for opportunities. I got one deal 4 days ago but it having dispute so i can't do with it anything. Every Saturday, sunday and holidays i am meeting developers and wholesalers to generate leads.

Here in India Real estate business has very high barrier of entry. Values are very high as compared to per capita income in India.

I am trying but still something is missing what i don't know.

1.People working in this industry are very secretive in nature. They have very big networks. so many times very dangerous or may harm other people.

2.Here the Rent control act is very socialist so the housing rents are very low and stagnated.

3.Only the big play is in commercial real estate.

4.Interest rate on home mortgages are 6.55% minimum.

5.Upto 90% LTV on housing in some banks.

6.Leads that i get is either having dispute or some documental issue or that have threats of dangers and red flags.

7.There is no digitization of public records.

8.There is Mls but no one in this village prefers mls to sell or buy, they go through brokers.

9.College is at outer side of village and i am almost 2 km apart from my college. I don't even h

ave any vehicle.

10.Banks only give loans if you have any asset before buying so that they can keep it as their collateral.

11.There are no any forclosures in this village.

12.Banks here ask for record of income tax return of previous 2 years before lending in case you have any job.

13.Big political interference in market.

I am trying to figure out how can i do the same thing as everyone in the community is doing in their carrier. Again economics tension. Recession chances and high inflation. Increasing gas, food, commodities prices. Filled with fear of market crash. Learning everday from books trying hustling hard. Sleeping at 3 - 4 AM. Waking up Again At 7-8 AM and back on to schedule.

I don't know what to do i try to volunteer at my full to the reputed developer.