All Forum Posts by: Julian Le

@Eric Tan

@Mike Hicks

@Kim Tonetti

@Don Colagrossi

@Michael Lopez

@Michael Lopez

@Steven Morales

@Ndumiso Snyman

Thanks for the warm welcome everyone.

@Joseph Perez

I’ve planned on buying a duplex and using the rental income to minimize my living expenses. After the purchase of the duplex I should have enough money to last me 6 months without a job or tenant. I’m only paying a down payment of 20% of course.

@John Van Uytven

The idea of moving to Florida early on was to get experience in the real estate market and qualifying for in state tuition for USFSP which is ranked at 22nd MBA online program.

I want to get a jump start on invest and learn more about the field and do not want to wait any longer than I have to in fear of eventually becoming complacent.

I don't think I will have to pay any dues while possessing a license. I however will need to pay the dues when I join the NAR and activate my licenses by working under a broker, which then fees are due to him.

@Jimmy Chou

The idea of going back to attain Degrees and Certification was to verify to myself that I am qualified for any position and finishing my educational experience. From some investor I have talked to they've seem to have wanted to go back to school but other obligation took precedence. More than anything these degrees and licenses are for myself. If I were to make it one day I could see myself yearning for those academic goal. If I were on a regular engineer career course I would have followed this pattern. I feel getting these qualification can open doors for me and help me network. I understand that this is a roundabout way to start REI and that investing well is governed by experience.

@Roshard Jones

So, my student loan is my oldest credit line and I was under the impression that I should keep that open as long as possible. The length of credit history affects credit score. I choose to not pay off these loans because they can be deferred if I plan on continuing education.

@Rob Hayes

Thanks for your vote of confidences. But I am currently working to makes sure I have enough back up cash so I can maintain my living expenses if I dare to choose the real estate profession route.

@Laniece Miller

Thanks for your input. I do realize that and I’m hoping to be challenge and I don’t plan on waiting for hand-out. Unless someone is willing to offer. ;)

@Paul Timmins

Thanks for the recommendation and tips. I will definitely review all of them.

@John Rogers

Oh wow it’s nice to see someone who’s already where I am trying to get. Thanks for the tip.

Yes, I would love too.

@Mark J.

Yes, I have thought about this quite a bit and that why I decide I would love to do real estate. It covers every aspect of work. I could do hands on work and fix up house myself or I could hire someone if I please. I could just design and decorate. I can do research and analysis the market while doing cost analysis on repairs. I can follow lead and “wheel and deal” with the best of them.

I would like to rent out multifamily units and complexes while doing flips to acquire funds.

“THE most important thing is just to start, somehow, in some way in real estate.

Long story short (cliche alert!)-- Experience is the best teacher. “

I have the same idea that why I want to start as soon as possible. I’m just trying to get my duck in a row first.

@Zach Kidd

Yes I have thought about that. My friend and I are starting up a small business which should not be too troublesome. We don’t expect much revenue from it but it more of an opportunity to learn.

I have also thought about getting a duplex to start off with. I planned on doing many other things like flipping and so on.

@David Thompson

Thanks for advice and tips.

@Jonathan Ortega

Thanks for the recommendation. And yes I know that I don’t need these title or degree they are more or less for me.

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I think I will pursue a job in either Financing or Engineering as a primary source of income and do real estate on the side. I am currently revising my resume and will try to get them out soon.

Thanks everyone for the encouragement, tips and information.

Hello BP, My name is Julian Le. I am a 23 year old engineer with a degree in Manufacturing Engineering Technology. I currently work at an engineering consulting firm. Starting out I am making around 52K. I’ve done relative well in school, earning the honor for cumulative. Right now I have 2 opportunities to work for a larger corporation where my pay will increase without a doubt to 66k. But the work is not challenging and my fellow co-workers have instructed me to slow down on numerous occasion. I have been looking for Real Estate Investment for the past few years. I am currently torn as I am very interested in REI. I have been working since the age 15 so I have a decent amount saved up as I am paying my minimum on my student loan payment.

My ultimate goal is to achieve as much I can while I am still able. I want to become a CPA as it caters to self-employment of a Real Estate Career where I would obtain client through one services and be able to recommend them to another ex. Financial Advisement, Files Taxes, Real Estate Investment. If I were to be ambitious I have the option to open a Brokerage firm/Finance Advisory (or tax filing) services. I also plan doing flips and property management during this time for passive income.

I’m currently residing in Illinois but wishes to relocate to Florida to invest (Escape from the COLD).

6 Year plan.

1. REL. While work for the next few month I’ll pursue a Florida real estate License. (In Process)

3/2016 – 8/2016

2. Moved down to Florida

I will try to either get an:

A) Engineering job which pays well enough for me to cover my expenses and fund my REI.

B) Real Estate Agent where I won’t make much but will learn about the market and the inner workings of the art of the deal and evaluation of homes. I will also have time to pursue my other goals as I work on my own time?(My Preferred Option)

3. GMAT. After settling in with the job and adjust somewhat to the learning curve. I will start studying for the GMAT. Which I have heard is quite difficult. I am giving myself a year to study.

9/2016-8/2017

4. MBA. At this time I will have been a resident in Florida for a year which hopefully qualify me for instate tuition.

I will a lot myself 4 month to finish up Pre-requisite module and 2 year to complete an MBA part-time.

9/2017-1/2020

5. CPA. Once finish with my MBA I will start studying for the CPA license. Which I’ve heard is even harder.

2/2020-12/2021

6. REB. Get Real Estate Brokerage license

Requires me to have a real estate license for 5 year and practice the last 2 year prior to getting the brokerage license.

12/2021-3/2022

So this is my plan thus far. I'm not sure how far I'll be able to get in regards to finishing this list as everything is contingent on a previous task.

How was this written? Any tips and pointers greatly appreciated.

I am looking to move to Tampa, Florida this fall and would greatly appreciate if someone is willing share with me on my career goals, Housing market, and Real Estate Knowledge.

It would be nice to have a Season REI teach this "green" the ways of the world.