Aspiring Real Estate Investor - Seeking a Market to Grow Into

[Spencer Vickers]

I have been listening to BP for the last month, so I figured I should start interacting with the community.

I am a college student, studying finance with an emphasis in real estate, seeking to become a real estate investor. I have heard stories of investors starting out while they are in college and would love to start that now. I am most interested in commercial properties including office, industrial and large multifamily (100+ units), but I want to start small by either flipping or buying and holding single-family homes. I've heard a lot about wholesaling and learned from the guest contributors on the podcast that it is not as easy as all the gurus make it seem, so I'd like to learn what the BP community recommends I do now to get my feet wet. How do I start putting skin in the game when I don't have a lot of money?

Another factor: My wife and I are expecting our first baby in December. We have $500 in an emergency fund, so we can be covered for about two weeks. On top of that, we are able to cover our current monthly expenses and have about $200/month we invest into brokerage accounts. We have about $700 we could pull from these brokerage accounts to start investing. It's not much, but it's what we've got.

So, how should we start. We're in this for the long-haul. We're ready to work hard to find financial freedom.