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Updated about 4 years ago on . Most recent reply
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How can a college student, with very little money, get started?
I am a college student with only a couple thousand dollars in savings (and I do not have any student loans to pay off), but how could I start getting involved in real estate? I am studying for an engineering degree, so I know I’m not going to be able to put a lot of time and effort into it yet, but any advice on how to begin learning and meeting people is very much appreciated (and hopefully there are others in a similar situation who could learn from this discussion, as well).
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If I were in that position I would look for deals near my school that would be a good candidate for a house hack. This way I could charge rent to off set any cost associated with ownership. To fund the deal I would ask for owner financing. That way I wouldn't have to worry about not having income and the whole pesky being broke in college situation. If the house need things like paint and yard improvements, I would use pizza and beverages of my friends choice to fund those simple upgrades. What so you think about that idea?