Quick Question
Hey all - I have a question about getting started. I have been reading this site for a few months now and have found it quite educational and inspiring. Additionally, i have read numerous books on REI and I really want to get going. However, I feel like my situation is hindering me. I am a second year law student and therefore have no income whatsoever. I feel comfortable picking properties and searching for deals however when it comes to financing I feel like I am against a wall. I know that I could do joint deals with my parents but I really want to branch out on my own. I am wondering if I should just wait one more year until I graduate, keep learning, and then start when I have a steady job. Any suggestions...
Thanks
Gould
There are many no money down scenarios you could do. You may even want to look into "subject to" by John Locke as well. I would involve the parents and let them share in the profits. Help them recoup some of the money they have given you for college.
Personally I wouldnt wait. In a year you could set yourself up with at least enough residual income to pay those loan payments you will have from college.
Good Luck,
Kyle