Seeking Advice: Real Estate Investing as a Broke Medical Student

[Dylan Rossi]

Hi there,

I am freshly new to biggerpockets and very interested in exploring the opportunities of real estate investing. However, there is a major "roadblock" in my near future as a pre-medical / medical student: the massive mountain of educational debt I'm staring at. 

How massive...? Well, to the tune of roughly $80,000 - $100,000 / year per year for 4 years, up to about $400,000 of educational loans by the age of 28. Another challenge is that my income will be virtually $0 until the age of 28 when I start residency training, at which point it would increase to about $50,000 / year for 3-5 years. Then, finally after 7-9 years of training, increase to about $200-$350k (I will be roughly 31-33 years old). 

I understand this is all futuristic thinking, but it's tough to avoid thinking long-term in my situation. I'm hoping that I'd be lucky enough to stumble upon some sort of valuable advice throughout these forums with regards to how I should approach real estate investing given my situation. 

• Should I even TRY to get into real estate as a student, or just wait until residency? 
• With 400K+ in debt at age 28, does it even make financial sense to invest when I could be paying down debts? 
• Should I pay as much as fiscally possible towards my loans during residency / first few years of being an attending to become debt-free then look at real estate? 
• What about Lease options, sandwich leases (I just learned about these, but am very new to the idea).

Thank you all for reading my post. I am happy to be here and look forward to any advice you're willing to share with me. Thank you in advance. 

Dylan

[J Chad Davis]

Dylan,

As someone quite a few years on the other side of medical school and residency, I’d be willing to discuss with you. Send me a connection if that would be helpful. 

Chad