UT worth it for non-residents?
Posted: Tue Nov 16, 2010 11:43 pm
Is UT worth it for non-residents? From what I've heard the Texas legal market is very insular and non-residents may have a hard(er) time landing a job.
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Probably, but you'd have to do the mass mailing bit because many of the Texas firms won't recruit at CCN.$1.99 wrote:is it possible to land a biglaw job in texas if one went to a texas undergrad but then went to CCN for law school?
I think there's an even bigger loophole pertaining to property ownership. You just need to own property in Texas, and you can become a resident. Someone was recently talking about doing some kind of sale with a reversionary interest. I don't know if that's gonna fly or not, but if you wanted to buy a little house in Texas, that could definitely lower your tuition if you're from another state.AreJay711 wrote:It doesn't look that hard to establish residency for tuition purposes. All you need to do is "start a business" in the state. It will cost you a bit by double taxing your income but you could use this to get in state residency after 1 year. I was thinking maybe a tutoring biz or something -- idk if this would actually work but it'd be worth a shot.
Might as well use your 1L education right? lolJazzOne wrote:I think there's an even bigger loophole pertaining to property ownership. You just need to own property in Texas, and you can become a resident. Someone was recently talking about doing some kind of sale with a reversionary interest. I don't know if that's gonna fly or not, but if you wanted to buy a little house in Texas, that could definitely lower your tuition if you're from another state.AreJay711 wrote:It doesn't look that hard to establish residency for tuition purposes. All you need to do is "start a business" in the state. It will cost you a bit by double taxing your income but you could use this to get in state residency after 1 year. I was thinking maybe a tutoring biz or something -- idk if this would actually work but it'd be worth a shot.
Help me jazzone!$1.99 wrote:is it possible to land a biglaw job in texas if one went to a texas undergrad but then went to CCN for law school?
Plus I'm sure you could get like a 1 bedroom apartment somewhere in the Austin area for like $50k. $40k mortgage over 15 years is like $400, and I'm sure you could get that in rent later. Now if only you could get a bank to loan you that much with no job or assets....JazzOne wrote:I think there's an even bigger loophole pertaining to property ownership. You just need to own property in Texas, and you can become a resident. Someone was recently talking about doing some kind of sale with a reversionary interest. I don't know if that's gonna fly or not, but if you wanted to buy a little house in Texas, that could definitely lower your tuition if you're from another state.AreJay711 wrote:It doesn't look that hard to establish residency for tuition purposes. All you need to do is "start a business" in the state. It will cost you a bit by double taxing your income but you could use this to get in state residency after 1 year. I was thinking maybe a tutoring biz or something -- idk if this would actually work but it'd be worth a shot.
I replied to this above. It's definitely possible. You just won't be able to rely exclusively on OCI. You'll have to do the mass mail to Texas firms. However, I met a Chicago girl at a call-back in Dallas, so Texas firms are not entirely insular. I think you'll have to sell the firms on the idea that you actually want to come back. That shouldn't be too tough if you're from Texas.$1.99 wrote:Help me jazzone!$1.99 wrote:is it possible to land a biglaw job in texas if one went to a texas undergrad but then went to CCN for law school?
I don't think you could get property for that kind of price near campus. Perhaps on the east side of town or something like that. I agree with your general idea; I just wanted to make it clear that $50K isn't going to happen anyway near campus.motiontodismiss wrote:Plus I'm sure you could get like a 1 bedroom apartment somewhere in the Austin area for like $50k. $40k mortgage over 15 years is like $400, and I'm sure you could get that in rent later. Now if only you could get a bank to loan you that much with no job or assets....JazzOne wrote:I think there's an even bigger loophole pertaining to property ownership. You just need to own property in Texas, and you can become a resident. Someone was recently talking about doing some kind of sale with a reversionary interest. I don't know if that's gonna fly or not, but if you wanted to buy a little house in Texas, that could definitely lower your tuition if you're from another state.AreJay711 wrote:It doesn't look that hard to establish residency for tuition purposes. All you need to do is "start a business" in the state. It will cost you a bit by double taxing your income but you could use this to get in state residency after 1 year. I was thinking maybe a tutoring biz or something -- idk if this would actually work but it'd be worth a shot.
Being in TX will require a car and a commute to campus unless you live in the dorms anyways...event at $100k you a 30 year mortgage is like $500.JazzOne wrote:I don't think you could get property for that kind of price near campus. Perhaps on the east side of town or something like that. I agree with your general idea; I just wanted to make it clear that $50K isn't going to happen anyway near campus.motiontodismiss wrote:Plus I'm sure you could get like a 1 bedroom apartment somewhere in the Austin area for like $50k. $40k mortgage over 15 years is like $400, and I'm sure you could get that in rent later. Now if only you could get a bank to loan you that much with no job or assets....JazzOne wrote:I think there's an even bigger loophole pertaining to property ownership. You just need to own property in Texas, and you can become a resident. Someone was recently talking about doing some kind of sale with a reversionary interest. I don't know if that's gonna fly or not, but if you wanted to buy a little house in Texas, that could definitely lower your tuition if you're from another state.AreJay711 wrote:It doesn't look that hard to establish residency for tuition purposes. All you need to do is "start a business" in the state. It will cost you a bit by double taxing your income but you could use this to get in state residency after 1 year. I was thinking maybe a tutoring biz or something -- idk if this would actually work but it'd be worth a shot.
motiontodismiss wrote:Being in TX will required a car and a commute to campus unless you live in the dorms anyways...
Nah, don't have $30k to drop on a car.JazzOne wrote:motiontodismiss wrote:Being in TX will required a car and a commute to campus unless you live in the dorms anyways...![]()
I live in Hyde Park, and the UT shuttle runs regularly a few blocks from my house. HEB is another few blocks from there. I'm actually trying to sell my car because I don't need it. Want to buy a gently used 2007 Infiniti G35? I never raced it. Black paint, looks terrific. Got the 19" wheels. Think about it.
If I end up choosing UT, that is the exact car I want to buy (well actually an '05 because they are cheaper hah). How much are you lookin to sell it for?JazzOne wrote:motiontodismiss wrote:Being in TX will required a car and a commute to campus unless you live in the dorms anyways...![]()
I live in Hyde Park, and the UT shuttle runs regularly a few blocks from my house. HEB is another few blocks from there. I'm actually trying to sell my car because I don't need it. Want to buy a gently used 2007 Infiniti G35? I never raced it. Black paint, looks terrific. Got the 19" wheels. Think about it.
Idk the local laws about subdividing land but you could make good money buying 30 acres in the middle of nowhere and breaking it up into 1/8th acre lots and selling it to students looking for instate tuition. I guarantee there is an easier way to do it for just yourself if you don't have the cash to buy a real house (like the business).northwood wrote:why would you think of purchasing real estate just to get instate tuition? You will end up paying just as much, if not more for it.( dont forget insurance, taxes and upkeep)
You have to pay rent either way. I suppose if you're singleyou can get a tiny apartment or some roommates, but some students are nontrads. I have a fiancé and two dogs living with me. If I was from OOS, I might have considered purchasing property to live on for three years. Property values are doing relatively well in Austin. Lots of growth here.northwood wrote:why would you think of purchasing real estate just to get instate tuition? You will end up paying just as much, if not more for it.( dont forget insurance, taxes and upkeep)
I just want the Blue Book private party value. I've done some highway driving, so it has a few miles on it (45K). I want $21K for it (firm). Has had all the recommended maintenance. Still has a bit of warranty left, but not much.nonprofit-prophet wrote:If I end up choosing UT, that is the exact car I want to buy (well actually an '05 because they are cheaper hah). How much are you lookin to sell it for?JazzOne wrote:motiontodismiss wrote:Being in TX will required a car and a commute to campus unless you live in the dorms anyways...![]()
I live in Hyde Park, and the UT shuttle runs regularly a few blocks from my house. HEB is another few blocks from there. I'm actually trying to sell my car because I don't need it. Want to buy a gently used 2007 Infiniti G35? I never raced it. Black paint, looks terrific. Got the 19" wheels. Think about it.
Good to know. Thanks for the update.philosoraptor wrote:FYI, all, the property loophole is closed as of next year's incoming class, from what I understand. If you're thinking about entering UT in 2011, do your research before dropping a bundle on a scheme to gain residency.
Property isnt always the way to go with UT. They make it very easy for someone to gte residency after one year, as long as you are willing to put in time and effort to get it.JazzOne wrote:Good to know. Thanks for the update.philosoraptor wrote:FYI, all, the property loophole is closed as of next year's incoming class, from what I understand. If you're thinking about entering UT in 2011, do your research before dropping a bundle on a scheme to gain residency.