All Forum Posts by: Jason Tran

 I apologize if that offended you. I meant criticism in the aspect that it induced self-reflection in my own view. I genuinely appreciate what you are conveying to me. I apologize for my poor choice of words, friend.

 Thank you for the constructive criticism. I will be the first to admit I do not know everything which is why I am here- to learn. In no way was I trying to start an argument. Thank you once again.

 Since my time away from school I have been doing everything exactly as you have said. When it comes to deals you only need 2 of the 3 (money, experience, hustle). I am aware that I am not in possession of infinite capital yet those with smart minds find create ways to make deals happen. I am currently working on a team with Keller Williams, analyzing deals (though I cannot immediately purchase them at this moment I can still learn my own market), and been in contact with several successful investors in my area. I am not so naive to think that real estate is all rainbows and butterflies nor is it a "get rich quick method".

 I indeed did have a 4.0 GPA yet I am saddened to say that while doing volunteer work on the side and working a full time job to pay for my own tuition, I could not balance all tasks at once.

I will start off by saying that it is highly unlikely for someone in my position to be paying cash on a deal unless I've hit the lottery. It is much more likely for someone like me to start off by getting in on an FHA loan (3.5% down) and to refinance out of it. And from what I can tell it seems like you're asking me how to calculate a BRRRR which can be found thanks to BiggerPockets resources. May I repeat that I am not trying to challenge anyone's knowledge. This post was merely to encourage myself as well as others in a similar position to more forward.

Hello BiggerPockets forum! It has come to my attention that the topic of "college dropouts" has sprouted a seed of slight interest in a few discussions. Though having only joined BiggerPockets very recently, I couldn't help but to take part.

I am currently 20 and yes, I too am a recent college dropout. Call me crazy (as some already have) but I wish to instill my perspective and the vision that I have planned for my future on those who happen to cross this post. First, I must mention that I am not asking for advice on "what to do next" or "how to get started" because I already have a vision for myself.

I will try my best to keep my points short but I should readdress that I am not so ignorant to think that my way is the only nor correct way to live life for all people are uniquely special.

• Why pay to be taught when you can teach yourself/acquire free knowledge? During my time at college, I was the type of student to never show up to lectures yet achieve straight A's in all my classes. I'm not saying this to toot my own horn but I personally found self-teaching to be more effective in exercising a desire and passion to learn. Self-teaching can also be utilized in real estate especially with the seemingly unlimited and FREE resources of the internet (as well as BiggerPockets). I also found that investing in business/real estate/mindset books is not only cheaper compared to the hundreds poured into college textbooks but also more applicable than gen-eds that are soon forgotten the next semester. It is true that some people need structure and need guidance to be encouraged to learn which is why the education system is perfect for them. I am speaking for the other side of that.
• "Real estate will still be here 4 years from now so finish your degree." It is a known fact that if you hesitate in real estate, you can potentially miss out on a home-run deal. Though real estate will always be around, I am a firm believer that our time on Earth is limited and we should aim to accomplish our goals as soon as possible rather than "waiting for the right time".
• "90% of small businesses fail." For those who are all in and are aiming big (as I am) this number should be comforting. "If you are aiming for the top 1% you must be willing to to what the 99% isn't." Everyone is bound to fail eventually but those who truly wish for success will only learn from those failures and continue forward.
• Networking can be done outside of college!

This post went on longer than I had intended and I apologize in advance for that. In no way was I trying to bash the education system nor offend anyone in my statements. I am speaking from a personal experience and I fully realize that all cases are different. (I love education and the education system. I was a Secondary Mathematics Education Major before I dropped out. I hope to come back to teach high schoolers once I reach financial independence.)

To conclude, I would like to post my next immediate goal to state to everyone how I will begin my journey. I intend on house-hacking my way into a duplex/triplex as a way to get my foot in the door. Though seemingly small, all big things must begin somewhere.