All Forum Posts by: Kylin Washington

I can relate to the position you are currently in. I am a tad bit further but still brand new basically. I graduated college last December in Florida. Some things that I know that is helpful to know getting started is to first have a few things. 1.) An income. Lenders will have a very hard time justifying lending to someone with no income. 2.) Good credit. Lenders want to know you are worthy of paying back your debt to them. 3.) Once you have 1 and 2, you will need a pre approval letter from a lender showing how much you qualify for.

After those first 3 steps, its time to shop for and analyze deals in your target market. Know your budget and work well within it... you dont't want to stretch yourself too thin too early. Find a good realtor in your are that will be helpful in finding yourself a good house hack deal. That is currently the step I am at right now in Orlando.

Hey Daniel, thanks for the advice credit is something I do need to start working on building do you have any advice on the easiest way to start quickly building credit?

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Originally posted by @Calvin Ozanick:

Welcome to BP and it looks like you have a pretty good idea of what is going on so far. As far as when graduation comes along, I would highly recommend finding a job that pays outside of real estate or in a different area which will supplement your income. I am a property manager in Wisconsin and I have recently worked with many clients looking to acquire properties. By having a steady income allows you to get larger loans and deals coming your way. Another career path could be a real estate agent as mentioned above. I am a licensed agent in Wisconsin, and it has been great and it allows for you to have access to the MLS, while also working with more properties on a daily basis.

Hey Calvin thanks for reaching out I've been interested in getting licensed knowing I would want to live in Texas would you recommend looking into getting a Texas license while still living in Missouri for the next 5 months.

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@David Pere Ok sounds good I will also be in Arkansas on Christmas and Christmas Eve what part will you be in

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Originally posted by @Scott Mac:

@Kylin Washington

Hi Kylin,

Don't neglect earning a daily living too.

Do you have a job lined up yet in Dallas as either an Economist or a Salesman (to match your degree)?

Because a broke guy will find it very hard to start out in this.

Good Luck!!

Thanks for reaching out Scott , Unfortunately I do not have any jobs lined up that I would be interested in but I do plan on getting a job both here in Springfield and when I get to Dallas .

1 Vote

Originally posted by @David Pere:

@Kylin,

If you're in town over Christmas we might be able to grab lunch (I'll be in town for 10 days).

Alternatively, Springfield has a pretty solid REIA you should check out, and there are some great wholesalers and investors in town that would be worth connecting with too...are you looking to invest in Springfield at all, or just learning until you get back to Dallas?

Hey David, thank you for reaching out id love to grab some lunch if you could just let me know what days you are available I will most likely be here. I am willing to invest anywhere that will generate a profit, I have been analyzing the Springfield market for wholesale leads but occasionally looking for multifamily properties I can house hack when I do get ready to move to DFW area. I went to the October REIA meeting and now I am a member I wasn't able to make it to the November one but I will be at the one this month

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Originally posted by @Jeremy Taggart:

@Kylin Washington I'd just study your market so you know what is a good deal once you actually go to buy. I'd also speak to a lender once you figure out your job situation to see if you can get financing. I got my real estate license and did that part time in addition to investing and the w2 job and am doing that full time now in addition to investing, it's been a good compliment to it and much more enjoyable/profitable than the corporate job.

Thank you for that advice I will have to look more into getting licensing what is the biggest difference between being like a residential agent or commercial agent . do they require different skills/licence

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Hey guys Kylin checking in! I am a student athlete at Missouri state in Springfield Mo. I’m graduating this December with a degree in Econ and minor in marketing. I would like to be a full time real estate investor weather that be wholesaling, fix and flips , then eventually being a landlord. I am continuously watching and Studying real estate videos from max maxwell to BiggerPockets ofcourse, very interested in wholesaling and Househacking to begin my investment career also the Brrrr strategy for future investments. My biggest concern is finding the best way to approach and utilize the time I am going to have in this upcoming Semester until May when my college apartment lease ends and I move back to the Dallas/ Fort Worth area. Does anyone have any advice for me or some steps I can take to get my first deal also what’s a good job to have that would allow me the time to stay involved with real estate but utilize my degree? Right now with football and school I am very limited on time but I try to analyze deals as often as I can. With graduation coming up i plan to hit the ground running and have more time to do this If anyone is in the Springfield area, or even Dallas/Fort Worth area i am ready and able to help for anything.

2 Votes

All Forum Posts by: Kylin Washington

Kylin Washington has started 1 posts and replied 7 times.

Post: Graduating college soon what is the best way to go

Post: Graduating college soon what is the best way to go

Post: Graduating college soon what is the best way to go

Post: Graduating college soon what is the best way to go

Post: Graduating college soon what is the best way to go

Post: Graduating college soon what is the best way to go

Post: Graduating college soon what is the best way to go