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Updated 10 months ago, 03/01/2024

User Stats

20
Posts
7
Votes
Hector Escobar
7
Votes |
20
Posts

Real estate mogul in the making

Hector Escobar
Posted

Hi everyone, I'm so excited to finally start my BiggerPockets profile. I started my journey into real estate when I was in college in 2016. I got kicked out of college for letting my GPA drop down to 1.5 form a 3.5 (4.0 scale). I was studying biology pre-med and was not happy with what I was doing, skipping class and just being a dumb college kid. I switched majors and started studying finance after being accepted back into school and started reading about financial literacy which of course led me to real estate. I tried to flip homes and invest into real estate with out any money but I obviously had zero money or credit; i was a broke college kid haha. I quickly realized I was in over my head. I found a contact at New Western who spoke Spanish and presented the idea to my dad. A Spanish contact was huge because my parents preferred language is Spanish so we sat down this guy and he helped us buy our first investment property in Jonesboro. Obviously my dad was the one with all the skin in the game but i knew I had a learning opportunity. I got my real estate license so I could learn more and be involved. Fast forward to now and my dad now flips homes full time and doesn't have to drive around the US anymore (he used to be a truck driver). He now focuses on developing new land and building new homes. I recently started working for New Western and am learning so much about wholesaling and fixing and flipping homes. I know this company has a bad rep with some people but here is a reason they are one of the biggest wholesalers in the nation and they have always treated us fairly and been very straightforward with us. My goal for the next two years is to learn the wholesale game and flip my very own properties while building a rental portfolio. I believe in the importance of financial literacy and want to empower new investors to help them become successful in this industry.