All Forum Posts by: Kyle Marsh

I guess my main concern is that the combination of the PMI from the FHA loan, property management expenses, and other unexpected expenses from my lack of experience may significantly reduce my cashflow. I have reserves, I am confident in my exit strategies, and there are property management companies I can refer to. I'm looking at a relatively pricey market, so I think it really just comes down to finding the right deal and making sure I can generate enough cashflow to cover myself when the unexpected occurs. Thank you, and I appreciate the feedback!

Should I invest in a rental property now, or wait until I graduate college? I am currently a Sophomore and would hope to invest in a rental property at the campus I attend in the Summer before my Junior year. I'd use an FHA loan and live in the property Junior year, then rent it out Senior year and on. I have enough money saved up for a downpayment and I would cosign with my Dad to qualify for the loan.

Here are my concerns:

-I live roughly an hour and 45 minutes from campus. While at school I would be near my property, but during the Summer and some breaks I will be away. 

-Once I graduate, my job could possibly take me far away from my rental property. 

-Will it be difficult managing an investment property for two years while I am still focusing on schoolwork?

I'd love to purchase this property and start building my portfolio early, but at the same time it also seems smart to just wait another 2-3 years when I know where I will be working and start then. I'd hate to wait because I have been learning about investing in rental properties for the past year and have saved up all my money with hopes to purchase one. Let me know what you think, any input is appreciated. Thank you.

Hey did you end up investing in a property? I'm going into my Junior year of college and I was hoping to invest in a property but not sure if that's a smart decision or not. I'd like to hear back from you.

If a friend and I use an FHA loan to invest in a rental property, do we both need live in the house for a year?

I am a college student who has the money and credit to invest in my first property, but not the income needed to qualify for the loan. I was thinking partnering with my friend who runs his own business and does very well for himself and invest in it 50/50. He runs most of his business out of where he currently lives, so if we went that route could I be the only occupant of the property so that he can still focus on his business? I understand that partnering up with friends can be risky, but we are both very disciplined and have been interested in this for a while. I'd appreciate any insight, thanks.

Thank you for the response. I'll keep looking around.

What is the best way to find an experienced person who has invested in rental properties? On the first Bigger Pockets podcast one guy mentions that you shouldn't spend a couple thousand to fly out to some workshop in Denver, but rather find someone who has experience in "your own backyard." I've been reading books, taking online courses and following forums such as these to learn about how to profit off of rental income, but I think working with an experienced professional would probably be the best source of knowledge.

I am currently a Sophomore in college taking online classes located south of Boston. I've reached out to several firms to see if they might have either a part time opportunity or internship, but they didn't seem too interested. I don't have any experience with Real estate but I am slowly learning more everyday. How can I find someone who would want to hire / use me? How can I make myself worth their time? Are there any ways someone with little experience can assist someone who is investing in real estate whether that be property management or finding new deals? I'd be interested in any advice to find someone who has any kind of experience.

Thank you and I look forward to reading any responses.