Best Path to Take after Graduating from College ?

[Michael Mancuso]

Hey Everyone,

I just finished up my Junior year at the University of Alabama and I am trying to figure out what the best post grad path would be to learn the most about investing in Real Estate.

I am an Econ/Finance major with a Real Estate minor and have great grades and solid work experiences.  These experiences include interning for a phenomenal student housing developer in Birmingham and currently interning for a really solid bank in their Real Estate group in Dallas.  I am hoping with this body of work I should have my options open.

I definitely want to start investing pretty quickly after I graduate and want to find the best opportunity with the most learning opportunities to prepare me for doing so.

Any suggestions?

[Scott Mac]

Make as much money as you can as quickly as you can.

Lean how much you need to have in CASH to buy what you want.

[Steven Foster Wilson]

Quote from @Michael Mancuso:

Hey Everyone,

I just finished up my Junior year at the University of Alabama and I am trying to figure out what the best post grad path would be to learn the most about investing in Real Estate.

I am an Econ/Finance major with a Real Estate minor and have great grades and solid work experiences.  These experiences include interning for a phenomenal student housing developer in Birmingham and currently interning for a really solid bank in their Real Estate group in Dallas.  I am hoping with this body of work I should have my options open.

I definitely want to start investing pretty quickly after I graduate and want to find the best opportunity with the most learning opportunities to prepare me for doing so.

Any suggestions?

 What part of RE are you passionate about? Do you have partners that you could partner with to buy some properties? If not get a W2 job and buy a few properties. Then follow what you really want to do in RE. 

[Michael Mancuso]

Quote from @Steven Foster Wilson:

Quote from @Michael Mancuso:

Hey Everyone,

I just finished up my Junior year at the University of Alabama and I am trying to figure out what the best post grad path would be to learn the most about investing in Real Estate.

I am an Econ/Finance major with a Real Estate minor and have great grades and solid work experiences.  These experiences include interning for a phenomenal student housing developer in Birmingham and currently interning for a really solid bank in their Real Estate group in Dallas.  I am hoping with this body of work I should have my options open.

I definitely want to start investing pretty quickly after I graduate and want to find the best opportunity with the most learning opportunities to prepare me for doing so.

Any suggestions?

 What part of RE are you passionate about? Do you have partners that you could partner with to buy some properties? If not get a W2 job and buy a few properties. Then follow what you really want to do in RE. 

I wouldn’t say I am passionate about a particular sector yet, but I am definitely am really interested in multi-family and would like to purchase a rental property as quickly as possible.  I definitely have some friends I would partner with eventually, but we will likely all need W2 jobs before doing so in order to build up enough capital.  I think what I am curious about is: what would the best W2 job be to gain knowledge for a future investing career?

[Jared Prevost]

@Michael Mancuso

I graduated a year ago with a finance major, econ minor and was in a very similar situation my junior year asking the same question.

In my personal opinion, having your W-2 in real estate to start is fantastic as you get paid to learn real estate and build your network in the industry. I also interned for a developer and working in the development space can be very exciting, but doesn't always draw great parallels into the SFH and small multi-family investing world.

I think there are two approaches here:

1) Work somewhere in the development/banking with the highest base salary, this will really help you qualify for a solid first home you can house hack.

2) Work somewhere that is commission-based, but you can learn how to find good off-market deals and get creative financing so you don't have to get a traditional mortgage product. This would likely mean working for a wholesale company or as a realtor

If you're passionate about finance and want to learn about doing big deals, I would stick to the world of development. A lot of this will carry over to syndication if you ever want to go into that space.

Hope this helps! Feel free to message me if you ever want to talk

[Cal Martin]

Hey Micheal! Personally I would say that regardless of what avenue of real estate you are most passionate about, house hacking is most likely the best method to get started, being able to put even more of your soon to be large income with addition to any cash flow you have back into the RE game will be huge! Let me know if you are unfamiliar with the concept, but since you are on bigger pockets I highly doubt that haha.

Have a great day!

[Scott Krone]

@Michael Mancuso - have the firms you interned with expressed interest in offering a full time position?

That would seem to be your best lead.

[Ali Boone]

Most importantly... ROLL TIDE! Second, it kind of depends on what you want to do in REI as far as what the best next steps would be. There's soi many different ways to invest, you'd want to find a gig that is somewhat related to what you want to learn. Any ideas on what that is?