All Forum Posts by: Wyatt Szelest

I am currently a college student preparing to do a BRRRR deal but I have run into issues with financing. I planning on using private money to fund the initial purchase and rehab but have had some trouble with talking to banks about refinancing. This is because I am in college so I do not have a full time job so my debt to income ratio is not good enough. My question is if I was able to secure a tenant to a 12 month lease would that rental income count toward my income for my DTI right away? And if so would only the cashflow count or the entirety of the rent payment? I am wondering if I could in theory get my DTI to an acceptable level from just the rental income from the property for the cashout refi or would that be unrealistic and overly optimistic that I could get that much rent in relation to debt? I am fairly new to this and would appreciate any feedback!

 thanks for the advice it is definitely something I will try to act on. I see that you are a lender so I was wondering if you think that I will have any trouble finding a lender to finance a deal that I find since I am a full time student and do not have a full time job. If so do you have any tips on how to avoid those obstacles or be able to overcome them?

Hi everyone, I am looking to get started in the real estate investing space but I don't exactly know if I'm able to yet. I am currently living in Western New York as a college student (luckily with no student loan debt at the moment) studying accounting accounting and I am in my senior year so I still have two years of school left until I am eligible to get my CPA license as I am planning on becoming a tax accountant.

Is it too early for me to start trying to invest in real estate? I understand that not having a full time job can cause problems with finding financing and probably other aspects as well. I am very eager to get into this investing space because I have seen so many examples of how real estate is an amazing wealth building vehicle and also allows you to create so many connections with other likeminded individuals. I have been binging all of the bigger pockets content I could get my hands on for the past 4 months and have learned so much already. I have taken a great interest in BRRRR method and I am nervous about taking that first leap and starting my investing journey. I don't know if I am just having analysis paralysis or if real estate investing while being a full time student is just a risky idea.