All Forum Posts by: J Y

thanks for the clarification on passive income! what is REIT?

matt, i will definately checkout sub-to/lease

tahnks!

How can a college student such as myself generate some passive income (not through rentals) so i can build up enough capital to make my first down payment? I am currently working a part time job and my time is limited so i wanted to find some ways to make some passive income so i can build up my capital even faster. i tried to make a site to generate some cash flow through affiliate program but that failed miserably. I was wondering if anyone else, in their experience, know of any other good ways.

I am also thinking about birddogging, in todays economy, do you think it's a good idea?

thanks for all the sound advice guys.

cody fresh, my problem is because i cant change my major, it is too late for me to do so according to my university, thats why im stuck in this situation.

thanks for the insightful advice guys. see the thing is, im a science major right now, and i want to go the business route, but its too late to switch. in the future i want to make money off real estate and stocks. i see no reason how a college degree in science can help me.

on the other hand, im considering taking some classes right now in local community college to be a real estate broker and perhaps work in a firm to get some experience and at the same time earn some money. should i do it or bad idea with the current market?

is it still possible to get 100% financing nowadays? How does one receive that?

Thanks Mike for the reply. my situation is a bit different than what people may think. I posted it on the "Skipping College" thread. If possible, i would like to hear what you think of it.

Thanks

ok i may be bringing up an old post but im having a similar situation and i was wondering what everyone think of it.

i do understand education is important and if i can, i'd rather stick to it. but hear my story out:

im currently a 3rd year in college and i started out wanting to be a doctor so my major is science. a few months ago, i was introduced to the world of investing (stocks, real estate, etc) and after reading a lot of rich dad books and many stock books i have come to a realization. i want financial freedom. i want to work for myself and escape the rat race. to do so, i was gonna change my major to business to learn all the neccessary skills i need in building up my future business company and learning as much as i can about finance and economics. sadly, it's too late for me to switch major which brings me to my current problem.

Why am i spending lots and lots of hours a week studying science when i won't even be using it? I find myself reading more RE and stock books that any of my courses textbooks. Knowledge is power. But by staying in college, i cant receive the knowledge i need in re and stock investing, i need to learn them myself by reading. So what's the point of continuing college for a degree i wont be using at all?

The only reason i havent dropped out yet is because, like many, a bachelors degree secures a job. I may have mentioned before i dont want to work for people, but to begin my investing path, i need money.

I am considering going to a community college instead to get an associate degree in real estate so i can work in a firm to start my goal rather than sticking to my university for the next 2 years, wasting my time studying science. The way i see college is like investing, it has to produce a good return. If i stay where i am right now, i dont see any good return coming from it...

I'm planning on getting started in real estate as soon as i have enough for my first down payment. I want to concentrate solely in rental properties. My problem right now is i don't have a job yet to raise capital.

My question is, is it possible for me to get a job in some real estate company without having the cert for real estate agent? The reason is because i was thinking if i can work in an environment like that, i can probably learn a lot of valuable experiences.

I am still a college bound student who is questioning if college is the right thing for me. Not only do i learn a lot of unnecessary stuff, i waste a lot of time doing things that will not benefit me in the future. I find myself reading books on investment, real estate, etc. more than I do on the materials I need to read for my classes.

For the veterans, do you deem college as a necessary stepping stone for me?

i see, thanks for the info mike. as for going to the house with a partner who is buying so you have someone to approve the deal (aka the person ur bird dogging for) but what about before you tell the buyer about this deal? Such as when you first found about this house that is going to be a good deal and you want to find more info about it, you would call the seller or meet up with him or her to get some info prior to contacting your buyer about this deal.

i am willing to devote as much time as i can into studying it. the problem is just financing. i cant do anything unless i build up a good credit score. so im looking to find another part time job so i will be working 2 part time jobs. how do i build up a great credit so that i can get bank to finance me?

by the way ive been throwing the word finance around so much without even realizing what does it really mean.

also, im not really trying to start a business in real estate. unless you call buying houses and renting them out a business, then in that case pardom me for my ignorance!