All Forum Posts by: Camron Cottam

David Stafford That's a good point you making about not being able to plead ignorance or in other words make any mistakes when investing in real estate if you have your license. That's definitely something to be aware of. My idea behind getting my real estate license was to 1) have the opportunity to learn about how buying and selling houses works, as I have not yet bought a house myself. 2) make some money on the side in the mean time And 3) to save money on paying out commission to another realtor when it does come time to purchase and or sell a property. Which you said you actually have another realtor do anyways. I see how in your situation it's very much so a symbiotic relationship. Thanks for the well thought out response!

Is obtaining a real estate license useful for real estate investing? 

I am currently in the process of educating myself about real estate investing. From what I have read so far, purchasing multi-families may be the route for me. I would be getting a FHA loan, occupy the house for the required year and then repeat. Ideally as I progress through the process I wouldn't have to be using an FHA loan.

I'm currently a full time student and work part time. In other words, I don't have much free time. So I'm trying to figure out where to put getting a real estate license on my priority list. 

What are some of the pro's?

Are there any cons?

Hello all,

Quick background; I'm a college student heading into my senior year and am looking to get going on investing in real estate as soon as possible. As the case for most college students, I don't have a lot of $$ to get started out with. 

Would it be realistic to buy a house (to house hack) with as little as 10k down by the time next September rolls around? In my area I can get a 2 unit multifamily home with 2 bedrooms a side for around 200k. 

I have been doing some research on FHA loans and am a little skeptical on if that is really the best route to go. Have any of you out there gone this route before and are able to give me some insight?

@Chris L. When you say "Find a mult-unit that truly had income from the other units",  what exactly do you mean by that?

I came across something that really peaked my interest and was wondering if there was a way I could make this work.

I am a college student with little to no money and have a bunch of friends who are trying to live in an off campus apartment next year. I've seen a lot of people on here talking about "house hacking" and was wondering is this is an opportunity that I could take advantage of. Obviously the goal would be to live in the property and have my roommates pay the mortgage. I am not necessarily concerned with profiting (if that's even a possibility) on the property, as I am just looking to own it all said and done. 

I have a loan through my school that helps my pay for my current living situation, and was wondering if that was money I could use to actually make money for myself, in the long run, and put towards owning a home. Other than my school loans, I have a waiting job, which certainty doesn't generate enough cash to cover the expenses. 

Is this crazy talk? Are there ways that this could be a possibility? Or is this something I should wait on?

@everyone

So much great stuff on here, I absolutely love all the advice. Really has helped me out. I wish I was able to get back to all of you with an individual response. This post has definitely opened up a few new perspectives for me that will help me with my journey! 

Thanks to you all!

First off, I would like to thank everyone here for the encouragement!

@CK Hwang The people I have talked to have either had previously done some business with real estate in the past and stopped, or looked into real estate and decided it was too risky for themselves. 

@Lumi Ispas Thank you for the post! I am in the process right now of trying to find investment clubs or something like that in my area. Someone offered to take me to this group event but if I wanted to continue going I would need to pay a membership fee. It seemed weird to me that I would have to pay for something like that, is that normal? 

I am here trying to get started on the path of real estate and am finding that everyone I talk to (minus people on BP) are almost trying to push me away from the real estate world. Comments like "being a landlord sucks", "it's too much work for how much money you make", or people telling me straight up "you don't want to do that". 

I am not afraid of hard work, and there's always doubters when it comes to wanting to do anything, but I'm curious as to why real estate has such a bad reputation? Or is it just the relatively small sample size of people I've talked too?

Hi Joey!

I am new myself and have found that the guides on here have helped me quiet a bit! Check out, "How to screen a tenant". Might be something useful for you!

Awesome to see people providing such useful information on here! All of you have helped me as well. Great post.

I am a huge believer in mindset as well! Ask any of my friends and they would say they've heard me say this thousands of times. Although I don't meditate, being positive and having a positive mindset is something I strongly believe will bring me success in my future. I am working on setting long term and short term goals, as well as keeping a daily routine to some extent. 

Great post