How Can a College Student Flip Houses While in School?

[Keith Brown]

Hi BiggerPockets community,

I am a long time lurker in our community. I have developed an interest in building long-term wealth and passive income after I read "Rich Dad Poor Dad" by Robert Kiyosaki since high school.

Now, I am 20 years old and currently in I am in my third year of college. I have saved up around $50,000 from part-time employment and side hustles. I am enrolled full-time in college and I do not have a job. My question is that how can I secure a loan as a college student with out a job? Is that even possible? I am looking to put around 5-10% down payment for my first property to flip. Is this possible to do this while in college? 

Thank you for reading my post! 

Keith Brown

[Michael Dumler]

@Keith Brown, as Jake mentioned, if you are in a fortunate position of having someone co-sign for the mortgage you can acquire a potential flip this way. Your other route, which I don't advise given your current situation, is to utilize a hard money lender to fund the deal. A hard money lender will lend based on the assessment of the deal itself and adhere to limited borrower requirements. This is can be dangerous territory however and is generally only recommended for experienced flippers. Furthermore, being a full-time student while trying to tackle a flip is not impossible, but will be challenging. If flipping is of great interest to you, I would recommend that you spend your free time attending real estate meet-ups and start developing connections with other flippers. Hope this helps!