Just left my job sooner than I was planning, what should I do now

Just left my job sooner than I was planning, what should I do now

Real Estate Agent · Salt Lake City, UT · Member since 2016 · 18 posts · 7 votes

Today, I left my job landscaping after 3 full summers and last winter of being employed there.  I thought I had a couple months to figure some of this stuff out, but some things just happen.  I'm only 22, which I know is one of my only strong points right now.  I've been talking with my banker(who is also an investor) at my credit union, they underwrite all their loans so a lot of things are easier with them.

I asked him a few simple questions about how long do I need to be employed year round for me to qualify for a loan he obviously said 2 years from the time you start full time for year round, which for me was April 2015. So as you can tell I'm about 6 months short of that, he did tell me that if I got a job in a similar field and continued to work there for another 6 months+, he would most likely be able to push it through. He also advised me I should pursue a job in the real estate industry if I really want to ultimately do it full time, which I do. I asked him if working for a property management company would be considered the same as landscaping maintenance & he said that they would most likely consider that as something in the same field. I also have a job at a VA mortgage company that I could take, I worked there in the past for 7 months during the winter.

What should I do?!  I'm at a crossroads right now, and need all the suggestions I can get.  I want to look back at this day as a turning point in my life, for the better.  Because I felt so stuck in my old job, never being able to get ahead.  I want to turn this somewhat negative situation into the best thing that could have ever happened to me  in the long run.  Any help, tips, or advice would be greatly appreciated! 

Thank you!

-Heston

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  • Investor · Charlotte, NC · Member since 2015 · 183 posts · 146 votes
    10y
    Heston Beacco Anything is possible and there are lots of amazing success stories on BP - I love 'em all. There are also lots of untold stories of slow, steady, persistent and patient wealth building. You're asking for suggestions, so I have one you may not expect, just take it in stride. You're 22, without a job, and wanting to get into debt to purchase a property that may cash flow $200 - $500 per month. You need cash reserves 5%+/- to maintain the long term hold for emergencies plus the credit union will likely require 6 months of mortgage payments in reserves. Not trying to nix your RE hopes and dreams, but I'd suggest a few years in the military. Seriously. You can get your finances in order, earn a VA loan benefit, earn GI Bill benefits to include a lucrative housing allowance if you go to college after service. Lots of other perks. It's not for everyone, I know, but it can get you squared-away and on a path. Just my two cents. Best of luck. Semper Fi
  • Investor · Coeur d'Alene, ID · Member since 2016 · 551 posts · 218 votes
    10y

    I say go find a good paying job regardless what field it is in. If you want to get into REI you are going to need one or it will be incredibly difficult to get started. Look at doing a trade some are only two years most are 4, but the schooling doesn't cost much and the wages are good.

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