High Income Family Looking to Start in REI Full Time

[Rory Compton]

I am looking for some advice on how you would get started if you were in a high income family.  My wife is an active duty military doctor and I am a veteran myself.  I am finishing up my degree from Old Dominion University in finance with a concentration on RE and a minor in civil engineering technology.  We are not looking at buying revenue streams, because most houses would cash flow well with a 50% down payment.  With my education though and not having to "sell or starve", I figure it is best to work within the RE industry.  The goal is to work my way to BRRRRing as much as possible in multifamily.

With that said would you get started in property management, mortgages, appraising, or as a commercial (multifamily emphasis) or residential agent?

[Steve Vaughan]

I'd divest into a different income type.  High income earner to me means high tax payer. 

PM, appraising, brokering, etc just piles more ordinary income on top of your already high ordinary income. 

I'd buy and hold property with low land value specifically.  Most of mine depreciate at a 97% improvement ratio. Condos are at 100% I'd imagine.  Reduce ordinary income. Be a high income keeper vs earner 👍