All Forum Posts by: Carlos Cevallos

Great analysis @Matt Katsaris. This helps put everything in perspective.

Thank you everyone for the input, I have applied to schools in Virginia, Pennsylvania, North Carolina, and Chicago. I actually just got my first interview invitation two days ago from VaTech! And, the more I think about it, the more I am leaning towards solely focusing on my studies. Were I to find a great deal, or maybe partner up with another student during my second or third year to buy a house together might be the only way for me to get into RE, but of course school always comes first.  

@Michael Cohen That is really interesting, I did not know that university counts as employment. I will definitely look into that, thank you. 

@Hau N. An MD/PhD has intrigued me but it is extremely difficult to get accepted and it is too much of a commitment for me. I would not be out of school until my mid 30s (I'm 22) haha

@Steve D. I agree with you, I think everyone, no matter their profession deserves to make a living that satisfies their needs and desires. I believe that a lot of people who want wealth don't do it solely for themselves, but so they can provide for their loved ones.  

Thank you for the input everyone. I guess with the excitement of owning my own property, I didn't think about the stress that it could cause me as a medical student. School is definitely my #1 priority, so I will probably try and save and learn as much as I can for investing in the future. 

Hello Everybody,

I am new to RE, and as of late it has become one of my passions. While I really want to get into it, I am wondering if it is the best course of action for me at this point in my life. I have recently graduated college and am in a job where I will make around 27K this year, however I plan on starting medical school next fall (Assuming that I get accepted). My ideal plan would be to house hack a house near my future school and live for free for four years. However, while my credit score is 700+ I don't know if I will have enough money or if I will be able to qualify for even an FHA loan due to only working for one year.

Does anyone have any advice or recommendation on whether I should try and invest during this gap year, possibility of qualifying for an FHA loan, or save during the next four years and invest once I am out of school?

Thank you.

Thank you @Tom Ott, @Thomas S., and @Jonathan Twombly. I did not know of the RUBS strategy, I did some quick reading on it. It seems very effective and avoids the costs of installation.

Hey @Samuel Barton! Thanks for reaching out! I sent you a message.

That makes sense. Thank you for the replies @Bill F. @Brandon Heimsoth, and @Vernalene Perez!

I'm new to real estate and am in the education phase.  While reading @Brandon Turner 's Book on Rental Property Investing in chapter 10 under utilities it states that you should look for properties where utilities can be paid directly by the tenants. I thought all properties were like this, if they are not, how do you determine whether the tenants can pay directly or the owner has to pay?

Thank you @Alex Deacon and @Jason D.!

Hello Everybody! I am new and attempting to practice deal analysis. I am using the Rental property calculator and am wondering what the annual income growth percentage usually is? Is it specific to the area you are in? I also have the same question about the annual expenses growth. I would appreciate it if anyone could help me with this.