For someone young who graduated college but has no job yet and no capital to invest, what can one possibly do in terms of finance to invest in real estate? Quite a few years ago even there were zero down mortgages and lending was insane which obviously isn't happening now. I took Real estate finance at UCLA and majored in Economics and studied some stuff on my own but things like ROI, short sale tactics, flips, foreclosures, whatever niche you go into, the buck stops at FINANCE! If you don't have even the basic % to invest even in a small property, it seems hard to get started. If you have no income (unemployed/student) and no capital, are you pretty much shit out of luck?
What if you have some capital, I may be able to work hard and save $10k but income is iffy. IF it comes down to it, I'm willing to sell my computer, my assets and my car to liquidate into some capital if there's a chance I will get lending somewhere. With capital like that and no income, I'd probably look at very cheap starter homes or mobile homes or something that requires very little investing and hope to step up.
Does anyone have ANY advice for me? I'm open to everything.
What if you have some capital, I may be able to work hard and save $10k but income is iffy. IF it comes down to it, I'm willing to sell my computer, my assets and my car to liquidate into some capital if there's a chance I will get lending somewhere. With capital like that and no income, I'd probably look at very cheap starter homes or mobile homes or something that requires very little investing and hope to step up.
Does anyone have ANY advice for me? I'm open to everything.
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