All Forum Posts by: Antonios Kranidis

Hi BP Forums, I'm 19 years old and beginning to invest in real estate. I have dabbled in looking for off market properties and have acquired a great lead and scheduled a time with the owner to take a look at the property. What are some of the questions I should be asking leading up to and during the walkthrough? Should I be bringing anyone along with me? Any information/advice would be greatly appreciated! 

Hey Joyce thanks so much for your interest it means so much. The overwhelming majority seems to favor finishing my degree. Although it's really not something I want to do, I do understand where people are coming from when they explain the value it holds in terms of credibility in my future endeavors. As of now, I'm going to push to finish out the remaining year and re evaluate next summer. The hard part is that I really don't have any passion for continuing through school. The program is already difficult as it is. Having to do something every day, minimum 8 hours a day, for 6 more months is going to drain everything from me. I saw in my first year how much the program stripped from me as my happy self was totally lost and I honestly became miserable most of the time as a result of so much stress. Regardless of what anyone tells me, this is the most difficult situation I have had to deal with up until this point in my life. I'm fortunate that way, I have "less significant problems" but these still have an affect on me as a person. I have never felt so much stress for such a prolonged period of time. I wake up every morning almost feeling sick to my stomach because of the stress and my lack of direction. I'm going to really try to push through this year and see where I'm at in 6 months time! 

Thank you to everyone that commented on my post I’m extremely fortunate to have heard all the great advice from everyone.

Wow that sounds all too similar to my situation, I had high 90s in high school math, physics, chemistry and with a little push from people around me engineering is where I am now just like your son. I really appreciate the insight it means a lot to me. 

Hey Kim, thanks for your reply. 

What I hate about it is having to do what is already an extremely demanding program while being something I see no future with. In addition, I feel the additional pressure of having to do well and finish my degree because I am not the one paying for it. I'm not a selfish person. I understand the value of money and greatly appreciate the financial situation I'm in. Therefore, I feel even more pressure to pursue what I don't want to do as I'm already in my second year and my parents have paid for 2 years of tuition.

 Engineering has consumed the entirety of my life throughout the past 2 years. When I'm not in class, I'm studying. When I'm trying to do something other than school, I think of how I should be studying. I do not see myself in 5 years as a structural engineer and this is where my struggle stems from. I like to have fun with friends, but I am one that feels I need to be productive all the time. A fun friday/saturday night here and there is great but eventually it all comes back in my mind that I should be getting ahead on my studies. Maybe what I need is a mindset shift? The part that's extremely difficult is that there's an immense amount of pressure to finish my degree stemming from those around me but also a lot that I feel I create in my own head, while this is something I have little to no interest in pursuing, the only reason I am is to have the W2 job to qualify for loans. 

Thanks for the in depth response! 

I don't want to come off the wrong way with this post. I realize that I'm extremely fortunate to be in a financial position where my parents are willing to pay for my education. Where I'm torn is with the idea of pursuing a career path that I am not as interested as I once thought. As a result of my parents paying for my education, I feel more inclined to continue along the path to becoming a structural engineer than if it was my own money. This is my current situation that I find difficult. I understand others have had worse experiences, however, I'm strictly dealing with my situations as they come and not trying to compare to other people. 

Touching back to your post, I currently live in a city where price to rent ratios are out of whack and paying $500k for a place to rent out for $2.5k doesn't align with my goals. Yes, there are surrounding markets that cash flow, however, my university program consumes so much of my time as it is already that adding on more tasks to my already crammed days seems difficult. Maybe after this follow up post my difficulties seem to make a bit more sense? Any additional insight/advice would be great. 

PS. I'm not offended at all by direct/harsh opinions you may have! Send them my way, I like to hear what others have to say! Good and bad. 

 

Hey everyone! 

I’m currently in a really tough position just looking for any advice I can get. I’m 19 years old and currently studying structural engineering in my 2nd year. I hate university. I had this idea that university would somehow help me to begin investing in SFM and small multis (qualifying for mortgages, etc). I still have another 2.5 years to go of my degree and it seems like such a waste of time. Everyone around me is saying to stick out the last couple years for the security. I’m also in a tough spot as my parents are paying for my education which puts a lot of pressure on me to stick out the remaining couple years. My true passion is real estate investing. I just don’t know where to go from here. If anyone would be willing to weigh in their thoughts I would love to hear what you have to say. Thanks a lot!

Awesome thanks @Kimberly Marshall going to start working on that ASAP! Thanks a lot for sharing your knowledge with me :)

@Caleb Brown awesome man thanks a lot for chatting definitely learned a few things that I keep in mind 🤙

@Caleb Brown ah I didn’t consider that but it makes sense. Would you say for a first deal that getting into a property even if it means paying a bit of the mortgage each month or breaking due to it being listed on market is a good idea? For example, if I analyze a deal and it’s cash flows on paper but in practice I end up paying $200 a month for whatever reason, that it’s better than waiting on the sidelines?