All Forum Posts by: Peter Roehrich

@David Wade Coursera has a lot of business courses with a free option. Those I've taken have been great.

@Joe Rosenberry I'm guessing that it is issued to individuals rather than LLCs. A call to a lender ought to answer that.

@Joe Rosenberry that's the name of the product (Google it). It's a rehab loan like 203k but allows investors to use it.

@David King ah, I understand now. What immediately comes to mind is financial services - not retail banking but developing and managing real estate related investment instruments (think ETFs).

I think you'll be well served with a business degree with finance major (or concentration, if you go to a school where business would be the major). I suggest this over pure finance (something very heavy in econ, statistics, and calc) because that's the curriculum I studied and have found the non finance (marketing, business law, management science, accounting) material very useful. In addition to the practicality if having the broad knowledge to rely on, a diversity of courses will appeal to hiring managers who will, unless you're going into academia or financial services like I mentioned above, value that.

@Joe Rosenberry as mentioned 203k requires owner occupancy for 1 year - think about a Home Style Mortgage, it is investor friendly.

@David King hello David! What's behind your question about careers open only to people with a finance degree focused on RE? Are you looking for a career with limited competition? I am wary of this approach - it's a bit like buying a taxi medallion - not bad if that's the basket you're happy putting you're eggs in - and as long as Uber doesn't come along. I suggest you think instead about what careers that you'd like that you can pursue with a degree in finance (a lot, I have a degree in finance and ended up working in railroad operations) - real estate investment is definitely one of them. I am not answering your question, but hope this helps.

@Klaycon Santos I would start with your end point and work backward. How much do you need to get out of it? How much will you need to put in to it? Will $540k work with those numbers? If yes, then that may be the route you want to take? Question though: $540k is $40k over the high end of the comps - what about the property makes it worth so much more?

@Brooklyn Ron first step is to immerse yourself in real estate investing. Hang out in the forums (here on BP or elsewhere), listen to podcasts, read blogs and books, and go to meetings. Next is to take stock of your goals (for example, accumulate wealth for retirement, quit your job, etc) and be able to articulate them clearly. Hope this is helpful! Peter

I concur with networking, listening to podcasts, reading--anything you can do to immerse yourself in the world of real estate investing. And do stay in the forums, ask questions, chime in, etc.

Then, and this seems silly but it's important, identify as a real estate investor. When you are at meet ups, identify yourself with something like "I'm an investor looking for my first deal." Doing so will completely change how you think about yourself and investing. 

Hope this helps!

Peter

@Mike Celli I'm interested!