Best way to invest time & finances while in law school

Best way to invest time & finances while in law school

Member since 2020 · 2 posts · 2 votes

Hello all, I am a student-athlete at Indiana University (Go Hoosiers) who just finished my undergrad and baseball career. I am now on my way to law school. My ultimate aspiration is to use the funds I make from practicing to invest in real estate and achieve financial freedom and thus practice pro bono for people in need.

With that being said, due to the current corona virus situation I have zero things to do and it’s driving me crazy. I’ve always been hyper active (baseball and school) and the lack of things to do is driving me stir crazy. I tried the video games vibe and it just isn’t for me. I want to be productive with my time.

Given y’alls experience in the world of real estate, would you recommend starting my career now? I have roughly $1,000 saved up after my four years of school and an endless amount of time. How can I invest this time and my future finances while I’m in law school toward helping my future in real estate?

P.s I apologize for the lengthy post, I’m new and felt that some context was necessary.

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  • Real Estate Agent · Salt Lake City, UT · Member since 2015 · 183 posts · 159 votes
    6y

    Wholesaling is probably going to be your best bet. Network like a madman. Get on every wholesalers mailing list and build a huge cash buyers list. Get to know every area you are going to invest in and know exactly what your cash buyers are looking for. If you find a killer deal you could cherry pick it and flip it yourself if you wanted to, there are a lot of people out there looking for a place to use their money. Know your numbers inside and out, practice analyzing a ton of deals everyday and reach out to 10-15 investors or potential partners a day and you should be able to stay plenty busy. Let me know if I can help in anyway :)

  • Investor · Greater Chicago Area and Northwest Indiana · Member since 2018 · 138 posts · 42 votes
    6y

    @Dalton Laney Welcome to the world of Real Estate. Definitely learn about Real Estate first. Find something your interested in. There's so much in Real Estate that it would take a lifetime to master each and every aspect. Listen to podcasts, read books, network, etc. etc.

  • Nashville, TN · Member since 2020 · 10 posts · 4 votes
    6y

    Hey @Dalton Laney, love what you're doing here. I played ball at Illinois, and we had plenty of good match-ups these past few years. Video games didn't do it for me either, so this whole quarantine period I've submersed myself in learning about real estate, leading me to Bigger Pockets. 

    I love your ultimate goal of being financial free to do pro bono work; that is quite admirable and I love it. During this time that you're in law school I can't imagine you'll have a ton of capital, so finding a part-time job in real estate is the way I would go. Perhaps reach out to some realty companies or local investors and see if you can help them out. Let me know what you end up doing! I definitely want to follow your progress.

  • Member since 2020 · 2 posts · 2 votes
    6y

    @Andrew Fisher

    Dude I remember your senior year when you pitched against us at your place, you shoved. I remember you got your last out in the 8th by making a play at first and you ran past our dugout and flexed hard af, lol I was mad but respected the hell out of it.

    Congrats on getting signed, I’m trying to do the same myself, senior signs are looking to be difficult in the Corona times though.

    I appreciate what you had to say and I wish you the best as well. I noticed you’re in Nashville currently. I plan to practice law in Nashville, so let’s definitely stay in contact. Who knows, one day we may be able to help each other out!

    Appreciate your time man.

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