Originally posted by @Christopher Medeiros :
Within the year I will EAS from the Marines. Going to school and earning a degree is a goal of mine as is real estate investing. (Multi-family properties) I have decided that I can save some money and hold off on investing until I'm finished with school however I was wondering if it would be wise to become a part time agent. Has anyone done this before? Or had experience with agents who have done this? I want to EAS with a go getter attitude and get after it but also want to be realistic. Thanks for any information provided.
- If your area is one where folks use agents for leasing, I've heard of folks doing well while in college providing that service to fellow students. In my area people do not use agents to find rental properties, so I can't speak to any first-hand experience with this.
- The veterans group at your school will include veterans that have spouses with full time jobs that might in fact be in a position to buy a home. The veteran does not need income to use the VA loan w/ 0% down, if their spouse has sufficient income. Or maybe you get to know them, and a few years from now they are in a position and have had your business card in their wallet all that time, who knows. I regret that I did not do more networking while in college, don't make my mistake.
So I did some homework and it doesn't seem like people are using agents for leasing. Knowing that would you say it would be unrealistic? I'd hate to not be able to accommodate a clients needs because of school. I know my schedule and other variables would determine a lot of these things but other than school I don't imagine having a lot going on. I also agree with the networking and I 100% intend on using college as another outlet to do so. Thanks again in advance S/F
Your BAH is based on zip of school, not sure there but here a 30 min drive equalled a LOT more money.
You have to be full time student to get 100 BAH, if you don't take enough credits you're going to get a % (75, 50)
Find a school that is good to veterans.... not all of them understand the post 9/11 program. Know that you can go to private school if they do yellow ribbon and chances are they make it REALLY easy for you the veteran. If they don't make it easy it can be extremely frustrating and time consuming....
You don't have to take all classes on campus, bonus points if you find schools that offer night/online classes. I did a 16 wk course on campus, then did 4 8 courses split into two groups, so I only had 3 classes at once. The 8wk courses were online.
If you're planning on needing this BAH/Book money ea month... be forewarned that the VA doesn't operate like that. It can be hard to get your money on time, but you're going to get it. I once got back pay for 3 months... they also don't pay until your school certifies you. This is why I said pick a school good to veterans, if you don't you could be waiting till it's too late to drop classes before they certify you which means you aren't getting paid first few months of each new semester/trimester.
But seriously, it's not that hard to work and school if you find night/online classes. What will be really hard (much harder than your clients) will be the freedom to do the classes/course work when you want. You're going to go from structure to too much freedom and it can feel overwhelming...
So my intent is to go to school in Boston. BAH is 3k and I live 45 min south of Boston and could live for around 1k with all essentials paid for. Now this is just a rough figure. I haven't found a place and haven't gotten to really crunch numbers since I'm currently deployed. I've applied to schools already and so far they seem very helpful. I will be getting out with a good chunk of cash saved which is going to go towards my first investment. I can sustain myself for over a year should BAH take a hot minute(I don't want to but if I absolutely must I'm prepared). I'm glad you brought to light the importance of time. I'd like to establish a routine right off the bat so I don't become complacent. Any tips you could offer that would help me do so would be greatly appreciated. Once again thanks guys for helping out I'm learning a lot and this is only my first time using BP
@Christopher Medeiros , I am about to transition, any tips you could pass on ?
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