Hi everybody. I need some advice from people who "get it". I’m sort of at a cross roads.
I'm a 24 year old married college student at The University of Kansas. Currently I'm working part time at the dining hall on campus while going to school full time to get a degree in Finance.
So here's the deal. I have about a year (maybe a year and a half) left until graduation, but I feel like I'm not learning the stuff that will truly help me down the road. I'm thinking about dropping out at the end of the semester and trying to get a job that will teach me about real estate investing.
I originally started going to college because I had a football scholarship and I honestly didn't know I even had a choice. I was taught the standard, "Go to school, make good grades, and get a nice secure job." Over the years I've realized that, not only is that not the only way to make a living, it may not even be the best way.
I've never really done well in college because I'm not interested in what I'm being taught or how I'm being taught it.
I really want to get into real estate investing. I'm a good saver and I have enough for decent sized down payment but because I'm only working part time and for just over minimum wage, I don't have the income to qualify for a loan. I'm having an internal battle right now and I don't know what I should do. I could...
Scenario 1:
Continue going to college for the next year to year and a half, work in finance (something I’m not even completely sure I want to do), learn about real estate from a bunch of books, and save up so I can buy my first investment property. Then continue to use money from my job and previous investments to build my real estate portfolio until I can quit my job.
Or...
Scenario 2:
Drop out of school at the end of this semester, get a job in the field such as with a property management company or a broker's office and learn about real estate while I'm also making money to go towards my first investment. Then continue to learn and make money from my job as well as my investment property so I can continue to build my real estate portfolio until I can quit my job.
My question is what are your opinions on this situation and is there any advice you could give me? Also, if I do go for scenario #2, what kind of job would best teach me about real estate investing?
.
I'm a 24 year old married college student at The University of Kansas. Currently I'm working part time at the dining hall on campus while going to school full time to get a degree in Finance.
So here's the deal. I have about a year (maybe a year and a half) left until graduation, but I feel like I'm not learning the stuff that will truly help me down the road. I'm thinking about dropping out at the end of the semester and trying to get a job that will teach me about real estate investing.
I originally started going to college because I had a football scholarship and I honestly didn't know I even had a choice. I was taught the standard, "Go to school, make good grades, and get a nice secure job." Over the years I've realized that, not only is that not the only way to make a living, it may not even be the best way.
I've never really done well in college because I'm not interested in what I'm being taught or how I'm being taught it.
I really want to get into real estate investing. I'm a good saver and I have enough for decent sized down payment but because I'm only working part time and for just over minimum wage, I don't have the income to qualify for a loan. I'm having an internal battle right now and I don't know what I should do. I could...
Scenario 1:
Continue going to college for the next year to year and a half, work in finance (something I’m not even completely sure I want to do), learn about real estate from a bunch of books, and save up so I can buy my first investment property. Then continue to use money from my job and previous investments to build my real estate portfolio until I can quit my job.
Or...
Scenario 2:
Drop out of school at the end of this semester, get a job in the field such as with a property management company or a broker's office and learn about real estate while I'm also making money to go towards my first investment. Then continue to learn and make money from my job as well as my investment property so I can continue to build my real estate portfolio until I can quit my job.
My question is what are your opinions on this situation and is there any advice you could give me? Also, if I do go for scenario #2, what kind of job would best teach me about real estate investing?
.
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