All Forum Posts by: Jeremy S.

A lot of people are going to say "depends" or "need more info". Search for posts for "expenses" or "figuring out cash flow" or use the free calculator that they have on the site (this can only be used a few times if you do not have a Pro account). Another source would be to find an experienced investor in your area to talk to about the deal. I am only beginning investing and learning, but I know the more experienced investors on the site would need more information to tell you whether it is a good deal. Spend some time researching on the site- there is a wealth of information already posted! Good luck!

There is a lot of information on this site already on the various items that go into buying your first property. I am in the same part of the process of you and I just continue to read articles on here as well as listen to every podcast I can. I am still building up capital to put down as a down payment so I have time to learn! Good luck!

I am new to the forums and investing, but there is a lot you can do with that money. Look into buying a duplex or triplex if you do not mind living next to tenants. You can live for free or even bring in cash every month if you buy right. That is what I am looking to do for my first investment property. There is a wealth of knowledge on these forums about that and the other avenues of real estate investing. Also check out the BiggerPockets podcasts, they are packed with awesome tips and info. Good luck to you!

Here is a reply I wrote to another young person in your shoes. I will also include the link to the thread.

"I just recently joined the forums and my first post was the dilemma of paying down school loan debt vs saving capital for my first property. I have over 70k in debt. I do not regret going to college because my out of my two bachelors degrees one is very desired and is high paying. My particular job I have now I couldn't of got it without my degree and make the amount of money I do at a young age. I have always saw college as a means to and end which was being able to have a steady income to invest and eventually do whatever I want in life. I eventually want to work for myself. It sounds like you would go to college specifically to earn respect or learn things that can help you in real estate investing. My only advice is make sure that whatever degree you go for you do not take on more debt than you can pay off. My first degree was in Criminal Justice and had 55k debt making under 30k. Was not worth it. I stayed an extra year and a half and got a second degree in Safety Management and got a job before graduating that pays over 3 times what I was making. Risk v reward. I also love this field a lot more. My degrees are just a relative safety net to me and a means to bring in income to invest. I truly believe self knowledge is worth more than degrees and the information found on this forum will get you closer to your goals than most college classes would. You can achieve anything you want! Good luck!

 In addition if you are specifically interested in pursuing real estate full-time there are many ways to get started with low capital or even going a route such as getting your real estate license. I am no expert, but plenty of people have done it. It is hard to truly know what you want to do in life at your age. I made the mistake of going for CJ first, and I am not even using it. My advice if you go to college is do it for one of these reasons: pursuing a career you LOVE, a field that will help you investing such as accounting, or like me something that pays well that you kind of enjoy, but it pays well enough that you can raise funds to do real estate on the side."


Link to the thread

http://www.biggerpockets.com/forums/62/topics/2165...

I do not have it all figured out, but I was in a similar position as you a few years ago. My road to success is not straight, but it is heading in a positive direction!

Here is a reply I wrote to another young person in your shoes. I will also include the link to the thread.

"I just recently joined the forums and my first post was the dilemma of paying down school loan debt vs saving capital for my first property. I have over 70k in debt. I do not regret going to college because my out of my two bachelors degrees one is very desired and is high paying. My particular job I have now I couldn't of got it without my degree and make the amount of money I do at a young age. I have always saw college as a means to and end which was being able to have a steady income to invest and eventually do whatever I want in life. I eventually want to work for myself. It sounds like you would go to college specifically to earn respect or learn things that can help you in real estate investing. My only advice is make sure that whatever degree you go for you do not take on more debt than you can pay off. My first degree was in Criminal Justice and had 55k debt making under 30k. Was not worth it. I stayed an extra year and a half and got a second degree in Safety Management and got a job before graduating that pays over 3 times what I was making. Risk v reward. I also love this field a lot more. My degrees are just a relative safety net to me and a means to bring in income to invest. I truly believe self knowledge is worth more than degrees and the information found on this forum will get you closer to your goals than most college classes would. You can achieve anything you want! Good luck!

 In addition if you are specifically interested in pursuing real estate full-time there are many ways to get started with low capital or even going a route such as getting your real estate license. I am no expert, but plenty of people have done it. It is hard to truly know what you want to do in life at your age. I made the mistake of going for CJ first, and I am not even using it. My advice if you go to college is do it for one of these reasons: pursuing a career you LOVE, a field that will help you investing such as accounting, or like me something that pays well that you kind of enjoy, but it pays well enough that you can raise funds to do real estate on the side."


Link to the thread

http://www.biggerpockets.com/forums/62/topics/2165...

I do not have it all figured out, but I was in a similar position as you a few years ago. My road to success is not straight, but it is heading in a positive direction!

Congrats! Keep it going!

Crazy. I think the sharing platforms are a great thing for both consumers and the providers. The government loves getting their share! Maybe there are just powerful hotel lobbyists in San Diego. Thanks for posting.

Welcome! I'm from Pittsburgh as well, 24 years old, and am new to the forums. Congrats on your first few deals. I'm hoping to have my first buy and hold bought by next spring in the Pittsburgh area.

Sounds like an excellent deal! Congrats and best of luck to you on the next ones!

Congrats on your first property! I am looking forward to my first!