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Updated over 5 years ago on . Most recent reply

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Blake Eller
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Young and hungry RE investor trying to buy his first property

Blake Eller
Posted

Hi,

I am a Texas Tech student studying in finance and accounting. I have a year left in my undergrad degrees and then plan on spending another year getting my masters in finance. I have been very interested in buying rental properties in Lubbock, TX because the properties range from $100K to $160K and the rents are about $1,200 to $1,600. As you could have guessed I have no money as of right now other than savings from summers internships. How can I buy my first rental with no money down, no particular skills for the industry (other than listening to BP podcast and reading a few books), by have a lot of hustle and energy? Also where should I point my energy towards to become a big player in the industry?

Thank you,

Blake

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,040
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28,047
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Blake Eller if you have hustle, find a way to make money to save up for your investments. You sound smart so it shouldn't be a problem. Can you get a part-time job? Work from home? Partner with an investor that has money but no time to do the work? I would focus on getting your finances straight and educating yourself on real estate investing. Dive in with a four-plex that you can live in (house hack) and get a taste for it. If it's your thing, you can figure the rest out pretty quickly.

  • Nathan Gesner
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The DIY Landlord Book
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