All Forum Posts by: Isaac Gwin

@Matt Buroni, thank you for the advice!

I have not analyzed any deals as of now, I had a good couple months where I was reading a good amount of books then I had to focus on the academic and athletic demands of college life. Luckily, I have a very good friend who goes to school with me, and she has a lot of good connections in the real estate world - she knows how to analyze properties and can teach me, we want to go into business together!

Just looking around in potential markets I'll be in I think I want to wait. Properties barely last a day or two on the market and I can't compete with cash buyers who go $100k over asking price. I maybe have $6k to my name right now, but no college debt which is a huge blessing. 

If market deals don't work I'll have to go off market or just network with people and ask their opinions! Whatever it takes to get my foot in the door. 

@Joe Villeneuve Thank you for your advice! I defenitely want to gain experience so if the market crashes I can buy properties cheaply. I just need that experience first! 

@Brad Hammond
Thank you for your advice!

Makes sense! Trust me, I would be taking action with buying properties right now if I could - I go to the Air Force Academy, and am not allowed to own any property whatsoever while I am still attending school there! Bummer, but we'll just have to make it work. Personally? I'm not seeing this market sustaining much longer as interest rates rise and supply being so low unless builders grind out homes like no tomorrow to meet the demand. I know they're starting to in my hometown of Austin.

How do I get over the apprehension of a crash, especially as a newbie? If I had the portfolio and the experience I would be much less nervous, but I can't shake the feeling of buying a property in my first year then boom, crash happens, I can't find tenets, finances are in trouble, etc. I'd make sure my finances are in order before buying any properties of course. 

So we all know the market is crazy right now - i don’t know much, read a couple books and have more I want to read. One year from graduating college. I keep seeing stuff over and over saying we’re due for a correction but then in the next few years, prices are going to be so high, only those with the financial wherewithal will be able to buy properties again. Real estate investing is so amazing, but when I keep seeing these predictions over and over it gets discouraging - do young people like me actually have a chance to achieve our dreams?

I’m not saying this post makes sense at all, I’m probably flat out wrong and missing so much info, so any words of wisdom from people who know what they’re talking about would be huge. Take care!

@Damaso Bautista Thanks for the advice!

I am currently a full-time student and will graduate in 2022. Counting down the days! The school I go to is very rigorous, and my class schedule is very full. I'm torn between learning as much as I can about real estate so when I graduate I can hit the road running, but then I don't want to flunk out or underperform in my classes. Luckily, I have a very good gig lined up right when I graduate, its my dream job! It pays well, I'll be doing what I love, and I will have lots of hours in the day to work on my investing. 

If you were in my shoes, would you priortize classes, real estate, or a mix of both? I bought five different real estate books a few months ago but have barely gone through the first one.