3 Rice University Freshmen Starting a Real Estate Portfolio - Advice Wanted

[Account Closed]

Hey everybody,

My name is Kevin Sun and I am writing this post on behalf of myself and my 2 partners, Brandon Riedy and Lucca Cristiano. We are 3 freshmen at Rice University looking to build a real estate portfolio in Houston.

As of right now, we are setting up our holding company, learning about local markets, and doing lots of research into general real estate. We have limited experience personally in commercial and residential real estate through previous job experience, but want to learn as much as possible and build connections with agents and community members in order to develop our portfolio. 

Our current business plan is to buy and flip for a year until we have enough capital and experience to employ the BRRRR method after multifamily prices (hopefully) drop within the next year or two. We would love to meet investors who may have been in a similar spot as us before, or to receive advice about our current business plan. Feel free to reach out!

Thank you very much for reading!

[Basit Siddiqi]

My advice would be to all invest separately in the start and then join forces when you all have some experience.

Partnership's work because someone beings one of the following three to the group - Experience, Money and/or time.

It appears that none of you have experience at the moment. 

It is also easier to get financing(IMO) on your own instead of with others.