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Updated over 4 years ago on . Most recent reply

User Stats

13
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7
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Luke Pascal
  • New to Real Estate
7
Votes |
13
Posts

Should I start wholesaling? If so how?

Luke Pascal
  • New to Real Estate
Posted

Some background: I have a 750+ credit score, but because I'm a full-time student, I have no substantial income. Thus I'm afraid I won't qualify for any lenders. I won't be able to start working until I finish my internship after I finish graduate school. Which means I won't have a satisfactory income until the end of next year at the minimum. This has led me to believe that I should start with wholesaling so that I can get some experience and potentially make some money. Hopefully, when I finish my education, I will have positioned myself well to buy my own deals. 

So is this a good plan? If not, what else would you recommend? 

Would I need a strong income to place a deal under contract if I intend to connect to another buyer?

Also, if I do start wholesaling, how do I build a network of potential buyers to connect with. 

I appreciate any and ALL feedback. I'm so impressed by this community, and I look forward to learning from you all! Thank you!

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