New Real Estate Invester - J.D. in Knoxville, TN

New Real Estate Invester - J.D. in Knoxville, TN

Nashville, TN · Member since 2015 · 83 posts · 38 votes

Hello Bigger Pockets community and future friends,

I am Matt and I am living in Knoxville, TN.  I have been in law school for the last three years and now finally have my J.D.  Hopefully, after I take the bar this summer I will be a licensed attorney. 

I want to have financial freedom and be able to take care of my parents in their retirement.  That is my why!  My plan is to primarily hold cashflow positive single family and multifamily homes, but I am open to the idea of flipping, perhaps to build cash to buy holds.  I hope to use my unique position as a (future) real estate attorney to my advantage as a real estate investor and vice versa.  Right now, my biggest obstacle is the fact that I have no cash and am in significant debt from school, but, trust me, I am not going to let this hold me back.

I have had a strong interest in real estate investing for a long time now -- probably starting with my reading Rich Dad Poor Dad about 7 years ago.  I have read a handful of books on the subject, and listened to a dozen or so of the BP podcasts just recently.  Now that I am done with law school I feel that I can really get started in this business!

Right now my immediate plan is to keep learning, find a network of people, find a mentor, finalize my initial investment plan/strategy, and then go out and find my first deal.  I would love any help I could get from all of you much more experienced than me; this seems like an incredible community I would love to be a part of.  If you are are near middle or east TN please let me know!

Thanks,

Matt

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  • Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    11y

    Welcome to BP, Matt!

    Yep, last month I couldn't spell invester, now I are one......LOL

    Well, you are in a unique position or about to be, the last thing you need to do is get caught up in guru stuff without understanding the consequences. While your bar license allows you to dabble in RE, you might take the agent's/broker's course to get off on the right foot. As you will be learning, all real estate is local, so getting the flavor of how things are viewed in your area is another first step before diving in.

    Glad to have you on board, good luck. :)

  • Real Estate Broker · Tipton, IN · Member since 2014 · 436 posts · 39 votes
    11y

    Welcome to BP @Matthew Anderson!! 

    I am confident that you will find this is an awesome place to learn about all things real estate, make a few friends along the way and in the process achieve your real estate goals.

    Best of luck on taking the bar and in your real estate ventures, see you around the site!

  • New to Real Estate · Knoxville, TN · Member since 2014 · 57 posts · 5 votes
    11y

    Welcome, I'm a realtor in Knoxville and eventually want to invest. If you need any help or just want to chat, hit me up sometime. 

  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    11y

    @Matthew Anderson 

    Welcome to the BP community. You will find alot of good information here. Make sure to view the BP blogs under "Learn."

  • Nashville, TN · Member since 2015 · 83 posts · 38 votes
    11y

    Thanks guys!  I appreciate the comments.  Bill, I was thinking I would take the courses and test to get a real estate license in TN this summer.  Thanks for the add Ryan.  I'm sure I could learn a lot from you about the local market. 

  • Chattanooga, TN · Member since 2015 · 24 posts · 24 votes
    11y

    Welcome to BP Matt and greetings from Chattanooga.

    Congrats on your education and good luck on your REI journey.

    Scott

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