All Forum Posts by: Veronica R.

@Mark Vejnar

I match next year. Hence why we're getting our ducks in a row now and not committing to property in the area yet. I won't be doing IBR- I already have a loan repayment contract in place. I made sure that was taken care of before I ever started. :) I have simplified quite a bit so that I can focus on other interests.

@Ron T.

Two med schools in upstate, actually! Both relatively new. USC- Greenville and VCOM. VCOM is right across from Wofford. As far as our primary residence, our taxes are absurdly low (less than $600/year). Even doubling the figure is very doable- we did take that into account. The good thing about this area is that there are so many medical students and residents looking for rental houses and not enough inventory in attractive areas. I don't think I would have that risk tolerance if I didn't have a steady supply of financially stable future tenants. :)

@Michael Lee Thank you for the advice! All great things to think about, and quite a few details I hadn't considered.

@Luke Petrozza It is all about networking, isn't it? I've realized that quite a few people in the medical field don't want to be bothered with finance, and there are many opportunities to both buy and sell. It's a definite fringe benefit to the profession. Thank you for the input!

Hi all! I'm a medical student in the Upstate area of South Carolina. My husband and I bought our first house last year and have had a lot of fun renovating it. He's a contractor and handles the heavy lifting, and I've gotten pretty adept with a paintbrush. We've been considering getting into the real estate game, and trying to figure out where to jump in.

In the next year, our income is going to double. I'll be going from a full-time student to a medical resident. I'm part of a loan repayment program so we don't have high student loan debt to worry about (while I do have some, it will be forgiven after a certain number of years of service.)  We're living and saving well on our current income, and I would like to take a portion of our increase next year and start with investing. Right now we're paying down our minimal debts, maxing out retirement accounts, and squirreling away down payments.

There's a chance we may end up moving and renting out our current house, but the market here is very favorable and the average rent for a home like ours is about $500/month more than our mortgage/homeowners/tax payment. There's also a chance we'll end up staying. Either one would be fine for us. We qualified for the house on one income, and can easily maintain the mortgage even if we don't rent it out. Obviously not our plan, but we've got the safety net.

I'm currently looking at what our best options would be to start in real estate investing. Neither of us come from very well-to-do families and so the idea of having extra money to invest is a foreign concept. Thankfully we're both cheap and value financial stability! :) Considering we'll have two steady incomes and have a relatively low cost standard of living, we're both comfortable with some higher risk investments.

I'm really here to read and learn, and figure out where to start! :)