Quick Question
Hey all - I have a question about getting started. I have been reading this site for a few months now and have found it quite educational and inspiring. Additionally, i have read numerous books on REI and I really want to get going. However, I feel like my situation is hindering me. I am a second year law student and therefore have no income whatsoever. I feel comfortable picking properties and searching for deals however when it comes to financing I feel like I am against a wall. I know that I could do joint deals with my parents but I really want to branch out on my own. I am wondering if I should just wait one more year until I graduate, keep learning, and then start when I have a steady job. Any suggestions... Thanks Gould
Comments(0)
There are many no money down scenarios you could do. You may even want to look into "subject to" by John Locke as well. I would involve the parents and let them share in the profits. Help them recoup some of the money they have given you for college.
Personally I wouldnt wait. In a year you could set yourself up with at least enough residual income to pay those loan payments you will have from college.
Good Luck,
Kyle