New Investor out of Northville, MI

[Vincent Egan]

Hello everyone,

My name is Vincent Egan and I am an aspiring investor out of Northville, MI. I'm currently attending the University of Michigan - Dearborn pursuing a Mechanical Engineering Degree. While in school, I am working to supplement my education with real estate and get ahead of the curve.

After getting interested in real estate earlier this year, a couple friends and I decided to start networking and expanding our knowledge in real estate in hopes of getting an early start to a unique and productive investment portfolio. My personal goal is for an early retirement and to have some additional income to help support a more relaxed lifestyle in the future.

Being a college student doesn't give way to much opportunity in real estate due to lack of money and a lack of trust so our plan for stepping into the real estate world has yet to be entirely determined. The reason for joining Bigger Pockets is to seek out some of these unknowns and learn from the successes and lessons taught by others.

If anyone in the area, or even not in the area, has any advice or stories, it would awesome to get some feedback in the replies.

[Abel Curiel]

Originally posted by @Vincent Egan:

Hello everyone,

My name is Vincent Egan and I am an aspiring investor out of Northville, MI. I'm currently attending the University of Michigan - Dearborn pursuing a Mechanical Engineering Degree. While in school, I am working to supplement my education with real estate and get ahead of the curve.

After getting interested in real estate earlier this year, a couple friends and I decided to start networking and expanding our knowledge in real estate in hopes of getting an early start to a unique and productive investment portfolio. My personal goal is for an early retirement and to have some additional income to help support a more relaxed lifestyle in the future.

Being a college student doesn't give way to much opportunity in real estate due to lack of money and a lack of trust so our plan for stepping into the real estate world has yet to be entirely determined. The reason for joining Bigger Pockets is to seek out some of these unknowns and learn from the successes and lessons taught by others.

If anyone in the area, or even not in the area, has any advice or stories, it would awesome to get some feedback in the replies.

Hey Vincent,

Welcome to BP! I'm happy to hear you and your friends are looking into RE as a tool to help you retire early.

It sounds to me like your goal is to be a buy and hold investor but I could be wrong - Please let us know, specifically, what you have thought about with respect to your path in Real Estate.

That being said, you can have any number of ways to break into RE even as students. Doing photography/Videography for other RE professionals can get you in contact with many folks in the business that you'd need to build relationships at some point. Social media marketing can help you in the same way... just a bit more virtually.

Getting licensed in RE (or at least 1 of your friends) can help out but that has more to do with Sales and being that you're all in college, you're probably not looking to go down that route. I could be wrong, so let me know if theres any value I can add on that end.

Lastly, house-hacking is a great way to jump in the game. It will require a minimum down payment of 3.5% and could be a better option that renting or student housing depending on the options in your market.

Best of luck to you on journey!

Abel