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Updated over 5 years ago on . Most recent reply

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Desmond Fitch
  • New to Real Estate
  • Grand Rapids, MI
2
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Is wholesaling my only option as a broke college student?

Desmond Fitch
  • New to Real Estate
  • Grand Rapids, MI
Posted

Hey BP,

I want to begin my real estate journey and throughout the last few months I’ve been educating myself as much as I can. Wholesaling seems to be the best place to start as it typically requires less capital than other strategies. I’m very interested in working with rental properties but I do not have enough saved up and getting a loan as a college student is unlikely.

Would wholesaling be my best bet for raising capital and then branching out into other strategies later down the road?

Most Popular Reply

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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
3,173
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Ali Boone
  • Real Estate Coach
  • Venice Beach, CA
Replied

It's an option, but it's far from the only option. 

To be very clear- wholesaling is not an investment strategy. It's a job. It requires less capital because it's not investing.

Wholesaling will teach you a lot about real estate, but at the end of the day it's just a job. You can work any job to save the money while you learn about REI... if wholesaling isn't all that appealing.

https://www.biggerpockets.com/blog/get-started-whi...

Maybe one of those help?

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