All Forum Posts by: Jay Hawlader

I am a new graduate about to start law school in August. Between now and then I would like to learn as much as I can about real estate investing. Before this I had undergrad and the LSAT to focus on and once school starts I’ll have my hands full again. So I’d like to really learn as much as I can now and then once school begins, learn more passively until I graduate.
I’ve already purchased a few real estate books but is there anything more I can do? Any meetings I can attend or groups I can join? I was considering getting my real estate license, though I don’t plan on ever being an agent. Would any of you find that helpful?

Appreciate any feedback!

Jay

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I realize I double posted. Can’t figure out how to delete!

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Hello everyone,

Appreciate any feedback!

Jay

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Hello everyone,

Appreciate any feedback!

Jay

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Hey dumb question, what's a turnkey?

Originally posted by @Account Closed:

I would suggest not buying real estate at this time and focus on increasing your W2 income. What if you made an extra five figures per year and still maintained your current lifestyle? What if you need cash from a curveball life will throw at you and all of your cash is tied up in real estate? Consider risk management...

FYI - I live in Brooklyn and I’m currently in the process of getting my first rental via turnkey.

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Hey!

Queens represent! That's what I like to see haha. It seems that the consistent advice I've received is make as much money with as little amount of debt and in my case that seems to be the finance route which I now feel more inclined to do.

I received your PM, will correspond with you further there for sure. It's important for us in close proximity to get to know one another.

Thank you also for the warm welcome!

Jay

Originally posted by @Abel Curiel:

Good morning @Jay Hawlader,

Welcome to the BP forum! Its always good to see someone in NY getting started in REI.

I think your plan sounds super practical. @Raul R. hit it right on the money... obtaining the degree that will give you the best opportunity to earn and save is the way to go.

That being said, many of the courses from the MA in RE degree you outlined are offered online and in person in NY. Much of the foundational RE education is offered in the 75-hour NY State licensure course. Some of the courses you outlined are also available online and in person through continuing education courses for people with licenses. These courses are also available to people without licenses and are way less expensive than a degree. To sum it up, I think the best route is to go for the MA in finance and get your RE education on the side with books, courses, mentorship, experience, etc.

I'll be shooting you a private message to connect... I'm in Queens myself so if you need a resource for info or would like to connect, feel free to reach out!

Best,

Abel

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Hey Brandon!

I truly appreciate the links. The direction will certainly help with my endeavors.

Thank you for the warm welcome!

Jay

Originally posted by @Brandon L.:

Hello! @Jay Hawlader

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

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Originally posted by @Raul R.:

The answer to your questions will be determine by your goals.... You can go either way with your Masters, some will even argue why even go for a Masters.

At your stage in life I would suggest go for degree that will give you best chances for finding a job quickly out of school with a high salary. You dont need to take the RE courses you mentioned to become a REI, it probably wouldn't hurt but not necessary.

Your goal should be having a high salary, little debt so you can save and be able to invest. Dont be fool by no or little money down, the more $$$ you have the more opportunities you will have in REI.

I gained the most knowledge from my first property. I do value education, and I did a lot by my own from reading books before starting to invest.

Good luck!!!

Sound advice, thank you Raul! If I had capital at the moment I would not really be looking into any higher education but unfortunately that is not the case. You mentioned that you read many books that attributed to your knowledge. Aside from the book I am currently reading from bigger pockets, are there any books you would recommend for me to move on to after?

Appreciate you takin the time, thank you!

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Originally posted by @George Blower:

@Jay Hawlader

Welcome to BP.

Thank you George! Appreciate the warm welcome!

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Hello everyone!

I wanted to take the time to introduce myself to this wonderful community.

My name is Jay and I am currently finishing up my undergrad career in New York City at CUNY Queens College. I was en route to Law School as recently as 2 weeks ago but varying circumstances has led me to decline that option as I believed it would ultimately slow down my true goal, which was investing into real estate rental properties as soon as possible.

I've been on this website quite a few times and have started reading the introductory book by Brandon Turner, "The Book on Rental Property Investing".

If there's anything you guys would like to suggest to me to help me move forward as a beginner, please feel free to!

*Side note for those who are willing to read beyond an introduction (also wasn't sure where to post this...is there a section for careers/schools?), while I'm introducing myself I figured I would ask a quick question. The reason I side tracked on law school was because I did not want to incur a large amount of debt, spend 3 years in school effectively allowing me to miss out on investment opportunities while not generating any income during that time period. This has led me to business school where I plan on taking a 1 year Masters in Finance which will only set me back 10k with a potential starting salary of 60k. This would be much more beneficial to my real estate endeavors. Having a solid 9-5 with minimal debt WHILE building my side hustle is exactly what I wanted to do.

The question arises here: while I can do a masters of finance, would any of you recommend a masters in real estate from the same business school, with same tuition? The classes that are offered for that program look like they would be extremely beneficial to my goals. This includes courses such as real estate entrepreneurship, real estate valuation and market analysis, real estate investment analysis and etc. While those courses are wonderful I understand a masters in finance is much more versatile and overall more useful. I guess my question is, do you think the lack of versatility is worth the knowledge and connections I would make when you consider my big picture goals?

Thank you so much to anyone that replies and I'm looking forward to working with and learning from each and every one of you in the upcoming decades!

Best,

Jay

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All Forum Posts by: Jay Hawlader

Jay Hawlader has started 6 posts and replied 20 times.

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