Starting my Real Estate journey in college

[Jordyn Gegg]

Hey everyone, 

I'm currently a junior in university right now and have officially made it an objective/goal to obtain my first rental property by the time I graduate. I am currently in the process of obtaining my real estate salesperson license and accepted an offer to be a commercial broker. My biggest problems right now are that I don't have much capital or a track record of stable income to invest or be approved for financing. This is partly why I am taking on the commercial broker position to assist with initial capital along with other qualitative benefits. 

The second thing I'm struggling with is I don't have any track record to get a PML or HML to trust me (in my opinion). I know these might all be dumb excuses but I really am extremely motivated and excited to kickstart my real estate journey this year. I also have a close friend who has a large trust fund, so I am planning on talking with her about potentially partnering, but am contemplating how I would convey my value-add to her considering she would be providing all the capital.

Overall, I am very slowly prepping myself to finally take that leap, I'm just really looking for advice on how I could possibly use the resources mentioned (or other options) to get started ASAP. 

[Richard Capers Jr]

Quote from @Jeffrey Fung:

I don't know what a pml or hml is but I would start small. Buy a condo/townhouse whatever you can afford that is in the ball park of what you are comfortable paying for rent. If you can afford a 2 bd, live in one and rent out the other. 

Then move on from there. You're young so time is on your side.

PML = Private Money Lender
HML = Hard Money Lender