All Forum Posts by: Joseph Cammarata

Hello!

I am college student in my senior year looking to buy my first property within the next 5 months (which is when my lease is up). 

Unfortunately, it's not looking like I'd be able to finance through a conventional bank considering my financials (I have good credit and work 2 jobs, both jobs for only a year). I will be attending graduate school this year and after I graduate and will be able to start my career in 2025. 

I've had a few conversations with some mentors and they mentioned seller financing as a great route for someone in my situation. I understand this would take some leg work, and I've spoken to a local agent about accessing some lists to owners who have most or all of their property paid off. Does anyone have any general advice about working out a seller financed deal? Maybe some ideas for what I should research/next steps?

I'm a senior at the University of Massachusetts in Amherst MA. Next year I will be entering my first year of graduate school and have 2.5 years total before I graduate with my Master's.

I've been educating myself on real estate investing for over a year now, I'm tired of paying rent and putting money in someone else's pocket every month, and in the next year I want to make the move to purchase my first property (hopefully a multifamily that I can house hack). Despite my status as a student, I've worked all four years of undergrad and saved up a good chunk of money (over 10k). 

My credit is pretty good (750) and I have about 20k worth debt in student loans from undergrad. 

Does it sound realistic to buy a property at this age? The biggest hurdle in my mind is financing, any ideas where to start with that? Maybe portfolio lenders? I'm going to be meeting with some agents in my area to see what's available. Any advice helps!

I'm about to go into my senior year of undergrad, and I'm going into a graduate school nearby next year. I'd love to be able to househack instead of continuing to pay rent. 

One thing I'm deliberating about is financing. I do have some debt from my years in undergrad (around the same amount as a down payment on a house). I will most likely get those loans deferred while I'm in graduate school. I work 2-3 jobs throughout the school year. Have a good chunk of money saved up for a down payment.

What steps could I take to make this possible in my situation? Will banks/portfolio lenders be open to financing a student? Or will I have to wait until I've secured my full time job and paid down some debt to get started when I'm 25? Let me know what you guys think.

Hello! I'm Joey and this is my first post on the forums. Been binging the BP podcast on my rides to work each morning and just finished my notes on The Book on Rental Property Investing. 

Here's a little bit about me: I'm going into my senior year at the University of Massachusetts Amherst, and majoring in Psychology while minoring in business at the Isenberg School of Management. I'm a the treasurer for the Psychology Honors society, a teaching assistant for Abnormal Psychology, and a substitute teacher/after school tutor at a nearby high school. Down the line, I hope to obtain my Masters in Social Work. I also enjoy basketball, lifting weights, and reading. 

My Question: One of my newest passions is real estate, and I'd like to do whatever I can to put others and myself in a position to succeed. I've started by practicing analyzing properties in my area (central mass) on my own. I'm about to put together my own excel spreadsheet with the most important criteria for analyzing properties. There are some expenses I've been trying to calculate (like property management, repairs, capex) that I'm not exactly sure are the same in Massachusetts as in other places. I'd love to hear what everyone has to offer in terms of their process on evaluating properties (I've also only been looking on Zillow). What are the most important things you look for in our market?

I'm looking to close in on my first deal sometime next year as I transition to graduate school and keep it rolling from there. Wish me luck and let me know what you guys think.

-Joey