Tips on College and near investment moves

2 Replies

Hey guys, I am getting ready to transfer to an online university. My dream job is to become a financial advisor, and have 3 universities on my list. The 3 colleges I'm considering are Penn State, the University of Florida, and Arizona State. My question is, does it really matter where you go, and if so, which one would you chose. Also, feel free to suggest any other online only college that I should consider.

Also, my wife and I have been able to leverage 3 single family homes in the last 2 years. I don't think we can leverage more since we are on only her income right now. I'm a little worried with a possible recession and feel that we may be vulnerable. If we sell all 3, we should have about 250k left. With that 250k, I'm thinking of buying a 5 acre lot and know a guy that can build me a 4 bd 2 bath home for 100k. A new build on that lot should be about 150k done, but that home will be worth 3050 to 400k. Do you guys think this is a smart move, since we will own the new house out right and have a lot of space for a HELOC? Or do any of you have any other suggestions with the 250k or so.

@Luis Prieto   Hi Luis,  I don't think it really matters where you go to school. Just make sure to learn a lot and don't rack up tons of debt. 

Why would you be selling the 3 houses?

Reach out if you'd like to talk about the financial advisor side of things. I'd be happy to share my experiences with you.

@Scott Jenson, To expand on selling the 3 homes. The reason why I'm thinking about doing this is because we have about 240k in profit after taxes. Moreover, what I would like to do is build a home. I know a guy that can build me a 4bd and 2 bath home for 100k done. The lot is going to cost 30k and it's 5 acres 1 minute drive out of town by the hwy. That house would easily be worth 350k and I will own it outright. My thought process is that I'll eliminate risk, seeing a recession may happen while adding even more equity. From that 350-400k in equity, I can then take a line of credit and get into multi family now. Moreover, I'll still have 80k or so in liquid after the build.