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Updated over 13 years ago,
How can I get capital to start buying real estate?
Hey guys, I am a senior in college and would like to start buying properties for renting and to get my foot in the door as a local real estate investor in my area. I have read many real estate books, visited my local REI club, made a few contacts, and know that I can build great wealth through real estate. Since I am currently a student, I dont have much free time to make money either through a job or through things like wholesaling and being a bird dog. I dont have much money, but I have a pretty good credit score.
- Am I going to be able to get money through loans from banks, mortgage companies, private investors?
- Or am I just going to have to put my real estate investor dream aside until I save enough money through a real job that I will hopefully get after I graduate?
I know the criteria for getting any kind of money as a loan from anyone for real estate has gone up because of REO's, Foreclosures, etc...
Thanks