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Updated almost 9 years ago on . Most recent reply
Can I get into the business?
Hi everyone, I'm a brand new to this and I was hoping someone could lend some perspective to my somewhat challenging dilemma. I am planning on attending medical school next fall, but would like to begin my real estate investing before I matriculate. However, in order to pay for medical school, I will need to accrue a large amount of student debt. The FAFSA, the Federal Student Aid Application, requires that I input any and all financial information to get a fair estimate of my demonstrated need. It is my understanding that if I purchase any real estate before this application process begins (and it continues each year I am in school, so I can't buy once I'm in) it will show up as equity and I will automatically be ruled as someone who has little demonstrated need...and then I can't pay for school. I was wondering if there is anyone out there who has had this happen or can shed some light on this to help me out. Thanks!