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Updated over 1 year ago,
Starting my Real Estate journey in college
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.