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Updated over 9 years ago,
Wholesaling in College
I posted not too long ago with a few questions about getting started in RE for someone who is going to be Junior at university and I appreciated all the insightful responses. While I am interested in owning my own real estate properties on day I am trying to evaluate the best way to get into the industry. My question today is about Wholesaling. I have read a lot about wholesaling so I understand what is from a spectator's point of view but I was hoping to get some insight into the business from others experienced in the field. Obviously being in school I can devote all 24 hours of my day to this. I understand that I could go at my own pace in contracting houses but is the time commitment with wholesaling too great for a college student? Secondly, what is the initial overhead (i.e. contracts, do I need to start a LLC, networking). My last question is about networking. I go to school in Phoenix, AZ but I am from Lincoln, NE. I have not established many contacts outside of my university, and my college colleagues are not necessarily my target market. Even though I am at a disadvantage would I still be able to get into the wholesaling game and be successful?
Thank you for your responses.