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Updated about 8 years ago,
New member from California
I am a 23 years old from Chicago but currently attending law school in Los Angeles. I went to Charleston South Carolina for undergraduate. While there, I became very interested in the idea of investing in properties to rent to college students. It seemed too simple... You buy a home and have the tenants pay the mortgage. I learned that if the home was in the right location, then the likelihood of vacancy rates were slim. Additionally, the leases were always one year, cosigned by parents, and required deposits to eliminate some of the risks of having college students as tenants.
Not surprisingly however, I never did anything other than research. After all, how was I supposed to buy a house without enough money for a down payment or a job right? (if you have suggestions feel free to explain!)
I have been obsessively listening to the podcasts on my drives to and from school and my interest is now peeked again.
I am hoping to continue learning about REI from this website, build connections, learn how to find deals, and ultimately grow the courage to buy a fix and flip or rental property. However, I am open to other REI opportunities.
Thanks for listening,
Robert Goldberg.