Would you Invest now or wait one year

Question

If you had 30-40 K of savings and earning 80 k/year but your not sure where your going to be living next year for your job that will start you at 300 k/year would you start investing now or wait till you are fully placed in your future job(the location can either be 2 or 3 different provinces, which is still tentative and unknown) and at least u can be sure to buy a property where you will be living. People who own multiple properties could you comment please thanks!

JD Martin · Answer

Forget about the real estate - I want to know what job you are starting next year that starts at $300k annually!

Yousef Reda · Answer

@Jd Martin Lol thats irrelevant. I went to school for like 10 years to get there.

@Jeff Copeland Yea i have no experience in flipping and prob wont start now till I have better capital and more knowledge.

@tyler

@Tyler HermanThanks. Yea ill be in this job for quiet some time. I do really want to get my investment portfolio moving asap. So I may pull the trigger .... If anyone has any other thoughts I would love to hear it! thanks guys

Tyler Herman · Answer

Purchasing a property is risky and to get $3600 cash flow over the year it doesn't seem worth the headache.

Of course if your goal is to reach retirement as fast as possible and you don't want to stay at your high paying job forever, or the income may be otherwise temporary then yes I'd take the 40k and get the first rental.

Jeff Copeland · Answer

While I might be hesitant to pick up buy-and-hold rental properties with such a short time horizon, I could quite comfortably flip 3 or 4 houses in a year and turn that $40k into $100k or more for your next stop!

Yousef Reda · Answer

@Tyler Herman Thanks . What about getting a rental property that cash flows 100$/unit in a triplex that includes a property manager taking care of it. Is that still not a good idea.

Tyler Herman · Answer

If it was me I'd just wait. Although you can start investing now that 30-40k is going to be fairly insignicant after your new job starts and you have more income. Save it to be used for your relocation and downpayment or just to have for an emergency fund.

Would you Invest now or wait one year

Most Popular Reply