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Updated over 3 years ago, 05/03/2021

User Stats

29
Posts
5
Votes

What should I be doing to attain my goal?

Francis Figueroa
Posted

Hey Guys, 
I am 23 years old and want to purchase a rental property within a year before law school. Besides reading and listening to podcasts, what should I be doing on a weekly basis? What are some  

User Stats

5,037
Posts
4,675
Votes
Taylor L.
Pro Member
  • Rental Property Investor
  • RVA
4,675
Votes |
5,037
Posts
Taylor L.
Pro Member
  • Rental Property Investor
  • RVA
Replied

Evaluating properties, networking with people in your area.

User Stats

308
Posts
386
Votes
Derrick Dill
  • Investor
  • Hawaiian Gardens, CA
386
Votes |
308
Posts
Derrick Dill
  • Investor
  • Hawaiian Gardens, CA
Replied

Save up. Get your credit score up. Look at areas you're interested in. single family? Multi family? Near school? how many bedrooms/bathrooms? what can you afford? 

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User Stats

224
Posts
152
Votes
Matt Stricklen
Pro Member
  • Investor
  • Austin TX
152
Votes |
224
Posts
Matt Stricklen
Pro Member
  • Investor
  • Austin TX
Replied

Devour BP content. Get to so. E real life meetups as they start to happen again - build your network. Build cash reserves however you can. House hack through law school if possible. 

  • Matt Stricklen
  • User Stats

    234
    Posts
    103
    Votes
    Matthew Brill
    Pro Member
    • Investor
    • Boca Raton, FL
    103
    Votes |
    234
    Posts
    Matthew Brill
    Pro Member
    • Investor
    • Boca Raton, FL
    Replied

    I would house hack as well. It's a good intro into buy and hold investing. I agree with others to consume as much info as possible. Build up cash (for down payment and reserves). Talk to some lenders to see where you stand with being able to qualify for a mortgage. Get your finances in order to be able to get pre-approved before making offers.

  • Matthew Brill
  • User Stats

    450
    Posts
    312
    Votes
    AJ Shepard
    Pro Member
    • Real Estate Syndicator
    • Portland, OR
    312
    Votes |
    450
    Posts
    AJ Shepard
    Pro Member
    • Real Estate Syndicator
    • Portland, OR
    Replied

    The best thing you can do is start underwriting deals, know what is a good deal, what is a bad deal. While you are doing that, start building relationships with other investors. Join groups, learn from mentors and pick on their brains. You can also try to mock up a deal as if you were going to present it to an investor.

  • AJ Shepard