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Updated over 8 years ago, 05/14/2016
Student in Milwaukee. Looking for advice.
Hello Everyone,
My name is Jake and I'm a 21 year old currently going to school for software engineering in the Milwaukee area. I have one more year of school left, and I really want to get into real estate once I graduate. My parents, uncles, and grandparents are all in real estate, and I feel it makes sense to continue the family legacy :). My ultimate goal with real estate is to achieve financial independence before I am 30. I have had an internship with a decent salary for two years now, and I have been investing in stocks since I was 18. I have averaged about a 2% annual return, which is not great when comparing to average real estate returns. I plan on selling these and using the money for a down payment on my first investment property.
I was wondering if I could get some financial advice from you guys. When I graduate, I will have about 25k in student loans. This is the only debt I carry. Additionally, my parents very generous in allowing me to live expense free with them for a few years to get my real estate business started. I assume I will be making around 65k/yr as a software engineer after next year. Currently my stocks are worth about 30k.
My goal is to get involved with commercial real estate (8+ living units per complex).
Since I want to use this year to prepare as much as I can, I made myself a list to accomplish before graduation.
- Create a website (almost done -- perks of being a software engineer I suppose)
- Order business cards
- Create LLC
- Find tax attorny, accountant, etc.
- Memorize vocabulary (find a resonable sized list, make flash cards, and gradually add new ones each day)
- Find a mentor & network with investors in the Milwaukee area.
Thank You!