Hello all, My name is Christopher and am a senior attending Montclair State University. Im new to the real estate investment world and am looking into purchasing my first income property or flipping homes. I am graduating in May of 2016 and look to seriously pursue something then. I am currently gathering as much info as i possibly can in order to obtain the best results in the future. Any input or advice would be greatly appreciated!
Welcome to the BiggerPockets community!
Glad to have you with us.
Welcome to BP. I would challenge you to read and learn as much as you can. But don't wait till after collage, figure out how you can get a property before then. If nothing else you will learn what it takes to get a property. Don't wait for life to line up before you start investing, or you never will. Become a Real Estate investor today! and then go buy a house.
Just go buy a house right now. If your job or whatever sends you to a different area of the U.S. when you graduate, just pay a property manager to handle your affairs for you.
That is the nice thing about a passive investment, you can engineer yourself right out of the equation, if need be.
Honestly your right, that a really good point. My only concern right now is that I do not want to make a poorly informed decision and just jump the gun and then pay the consequences in the end. Would you all recommend an income property first or flip a home?
I love a good buy and Hold to start with but in the end it comes down to your goals...
I would spent the next 4 weeks or so learning everything you possibly can. A great place to start would be BP podcast. listen to 30-40 of them before Christmas. After that you will know what you want to do... And then set up a meeting with a Banker and find out what loan products you CAN qualify for. Set up a meeting with an agent that works with investors and look at 5 - 10 properties before Jan 15th. run them all through the BP calculators. Then go back to the loan officer with a few properties.
just make it happen!
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