Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Cameron Engstrom
  • Bloomington, IN
0
Votes |
1
Posts

Getting that first property

Cameron Engstrom
  • Bloomington, IN
Posted

Hey guys,

I am currently a student at Indiana University. I have been interested in the real estate industry since I started at IU, but since I am a student it is a challenge to get a lot of capital to invest. I have heard of sheriff sales and commissioners sales as a cheaper way to enter the industry, what are your thoughts on those options? Any help, comments or tips are appreciated. Thanks.

Most Popular Reply

User Stats

3,286
Posts
3,789
Votes
Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
3,789
Votes |
3,286
Posts
Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

Cameron Engstrom Alternative idea for you, go to sheriff sales, courthouse sales, any place where there are physical bidders. Print out resumes and hand them to everyone you meet and tell them you’re a student looking for an internship. 95%+ will probably end up on the floor, in the trash, but you only need one. Why do this? You probably don’t have much of a clue when it comes to evaluating these properties. I have real estate and I would have zero clue how to risk-assess deals where you can’t walk through the property, where you might not get an inspection period, etc. Maybe you know all of that already but I wouldn’t. And I’m smart enough to know that if I have knowledge gaps I’d end up being the “dumb money” in the room.

Loading replies...