Getting started - in a few years

[Caleb Beers]

Hello, all. I'm 23, currently going back to college while living with my parents. Right now, my plan is to go to school, get an engineering degree, and use the money from that to become a real estate investor. It would also give me a "safety net" in case my real estate ventures fail. I have some questions regarding this:

1. Will the student loan debt incurred from college stop me from getting a loan to buy a house, or....
2. Would I be better off getting a full time job now, and then going into real estate?

[Bill Gulley]

Caleb, welcome to BP,

Sorry no one answered you yet.....

STAY IN SCHOOL!!!!!!!!!!!

If you have student debt and don't finish, you'll be behind the eight ball. STAY IN SCHOOL!

Yes, student debt is a debt that applies to your qualification ratios, best way to reduce that is.....STAY IN SCHOOL!

My bar tender has a masters degree, I know a waitress that has 2 undergard degrees, people at subway have degrees, what job do you think you can land that will pay off student debt and give you qualifying income to buy real estate?

Be an engineer! Forget the crap you hear about great wealth in RE, it takes years to get there. I doubt you are the one in a million, if you are, play the lottery!

Stay in school, get the degree, get a great job, then play in RE.!!!!!!