Quitting College and Going into wholesale?

[Parker Randolph]

Hey guys! I live in North Carolina and my mom has just started to get into wholesaling a month ago. She has a few cash buyers, about 7, and I know that is definitely not a lot but I feel as for 1 month getting into it she has done really well. Currently we have been driving for dollars in Fayetteville and we have been seeing decent places to research. Over Christmas, she contacted a few sellers over mail but so far no one has emailed or called her back. So long story short, I was wondering if I should quit College to help her? I am 20 years old and currently trying to get my Computer science degree. I really do enjoy coding but I also enjoy driving for dollars and I’m really willing to work hard for her and for myself. I want to do this because I want to be financially free by eventually investing in rental properties. I want to be able to work for myself. We haven’t gotten our first check yet and I know this isn’t a get rich quick type of thing. I know it would be lots of hard work for us but we’re both willing to learn.

[Albertinny Colin]

Hey @Parker Randolph

I hope all is well. Reading your post, I can't stop but think  of myself early on when I learned about the business. To this day I am excited as ever and definitely know I have found my calling - REAL ESTATE!!! 

After closing my first wholesale deal, I actually stopped working and found myself diving in head first. I put 60% of all the money I made back into my business and the rest of the 40% was my living expenses. I took that risk. Long story short, after a couple failed closings and expired contracts, I began running out of money to sustain myself. Currently, I still find myself working a full time job AND completing my Master's degree. Even better, I have also now expended my business and doing very well as a part time wholesale investor. I have closed an additional 2 deals and have 2 more currently under contract waiting for a buyer. One of which happen to be in a market I have never stepped foot in (Tampa, FL). I am now using my income from my full time job as a way to funnel my business. Eventually, of course, the goal will be to have my passive real estate income offset my W2 job.

Here is my point in all of this: You can do both without having to quit one! 

Obviously, this is a different scenario that you find yourself in but I hope you can understand the correlation. It's great that just like myself, you have the end goal in mind. But it's important to not stir away from your current goals and work your absolute face off to accomplish everything you started successfully. 

Put in the time, systematize as much as you can, and crush it on both sides. Real estate is a marathon not a race.  

Good luck! :)