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Updated about 1 year ago on . Most recent reply

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Dylan Tiernan
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Real Estate Strategy-Where to go

Dylan Tiernan
Posted

I am currently halfway through college, working to get my real estate license, I have read a few biggerpockets books, and listened to the podcasts. I am wondering if it is a good idea to get started on a deal now. I currently have little to no money, but got the idea to help manage the property and offer specifics, from Brandon Turners "Buy and Hold Real Estate Investing" book. I was wondering if anyone in my area had any deals in progress, and would be looking to potentially collaborate in some way? Or, if my better option would simply be to keep saving and learning for the time being. Thank you for your time, and I look forward to reading any and all responses! 

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I would argue for getting into real estate WHILE in college. Buy a large house suitable for students and fill it. You can live on-site and start learning how to manage it. When you graduate, continue renting it and move on to a house hack.

I am 100% against "Low or No Money Down" philosophy unless you are an advanced investor that can take the additional risk. If you have no money, figure out a side hustle or work some extra hours or something to save up for your first purchase. And have a reserve!

If you borrow money to get through school, you are already doing it wrong.

  • Nathan Gesner
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The DIY Landlord Book
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