@Byron Bailey I would look to intern with a real estate law firm and put your law degree into action. Real estate attorneys help minimize risks, maximize returns, advise on property taxes, understand tenant rights, implications of lease agreements, etc., etc. Understanding the legal components of real estate transactions will give you an edge on your competitors.
If you have some liquidity and are willing to look at BRRR type activity there are loan programs for you if you have good credit. The one that jumps to mind is a no doc type loan while the terms are not as good as fannie mae conventional it would allow you to finance/ refinance a property based on its value and rents to offset the mortgage. Typically they are 30 year term, 3/1 ARM , at 7-8% interest. Best of Luck.
What you should do for now is concentrate on your education and following that concentrate on establishing your career. Investing is not a race and you have the rest of your life to get into it.
Get your priorities in line. If investing is that important quit school, get a job and start working to establish your w2 history.
Hi @Byron Bailey ,
One great way to start meeting with wholesalers is to call the phone numbers on bandit signs. Tell them you're in Law School and you want to get into REI and can help them with your area of expertise.
Thank you all!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.