Help and advice needed

[Andrew Chu]

Hi all, My name is Andrew Chu and I in Los Angeles area. I know I probably won't get much response from this post, but any help and/or advice is much appreciated and needed. I have always wanted to get in the real estate field. But being a recent graduate from UCR, I do not have the means to get started. I'm currently are looking to make changes with my life and have been studying up on real estate investing. I have started marketing campaigns with direct mailing from my driving rounds, but I have yet to get any response. I understand that it takes time and a lot of due diligence to get one deal from direct mailing. As of right now, I'm a little behind on my payment for my student loan. So I have been thinking about going to the banks and speak to REO representatives to find a deal where I can wholesale and make a quick paycheck to catch up. The only thing is, from my understanding REO is very hard to wholesale, if anything I would need to do a double escrow in order to wholesale. But doesn't that require some capital in order to do? Can anyone give me advice as to if I should do it? And if it is possible to do one deal without having capital of any sort, how should I go about wholesaling REO? Any advice would be deeply appreciated and thank you in advance!! Andrew