All Forum Posts by: Jason Cote

Hello all, I am an architecture student starting my degree path this summer and I am currently scheduling my classes for the fall semester. There is a real estate principles class and I'm wondering if anyone here thinks it would be advantageous to take this course? I have a general stop plan for my real estate Journey already and a lot of context just from BiggerPockets as well as other sources books and teachers but I think this class would do a good job of introducing me to the black and white paperwork and details associated with real estate.

I think this would be a good idea as I know in myself that I would probably put off learning the black and white and details and Nitty Gritty of this business first, so having a class that makes me directly focus on it I feel would be a good move for me and I was just wondering if anyone else has some $0.02 on this or if they think this class is unnecessary.

Thank you in advance!

@Tyler Tapley

I am a also looking to invest in an area like memphis but am generally unfamiliar with it. Would you be willing to send me some information as well?

Are there deals on Zillow?

Or is this a tool better used to simply explore markets to better understand market conditions?

For example I know my area very well as I have lived here for the past 20 years and I'm very familiar with what rent prices are around here.

So as I scroll through Zillow I see single family or even multi-family properties for sale and when you do the math to figure out an approximate monthly payment I often notice that the rent for that kind of place is much higher than the estimated monthly payment would be.

For example I often see single family homes that boil down to roughly $1,000 a month when I know a unit like it rents for anywhere between 1500 to 2000 some requiring rehab some not.

Of course you have to factor in savings for repairs and what not but it seems to me that right off the bat this kind of situation offers a lot of wiggle room for potential cash flow.

Would love to hear anyone's advice on this!

Also if you live in the Northwest Arkansas Area please contact me whether you are an investor, an agent, a contractor or whatever it may be.

I would love to connect with you, network and start growing my community to be involved in the local areas real estate market as I think it could be beneficial for everyone involved.

Thank you.

@Blaine Alger

Thank you so much! I have been interested in the concept of using a cosigner but havent heard anyone talk about it yet. Is that something that you have seen happend before?

I would ideally be working for a new company for at least 6 months before I tried this

Although I'm definitely interested in exploring the concept of using a cosigner, and would love to hear anyone's experiences with something similar!

So I'm an interior design student and I plan on finishing my degree at the end of Spring 2022 (around May).

I'm curious if it would be a good idea to try and get into a multi family (preferably 4 unit) home right after my degree ends, as I would be starting work as an Interior Designer right after. Will I be able to get he FHA loan during this kind of transition or should I wait until after I start work? I've read that sometimes college can count as work history in some way, especially if you're about to work in the field that you just studied.

Any advice is GREATLY appreciated. Being an interior Designer and hopefully one day a full Architect I feel its important to also be involved in investment properties and real estate as a whole.

Thank you in advance and I look forward to hearing your feedback!