All Forum Posts by: Brandon Ingegneri

Originally posted by @Austin Peck:

Originally posted by @Brandon Ingegneri:

I didn’t even read the post, but just going off the title I’ll tell you not to trade rent for work. Never ends well. Best of luck.

His post mentioned nothing of trading rent for work; it may be wise to actually read the post in the future to avoid the spreading of misinformation and derailing the thread. Plus then you might actually be able to contribute to Greg's issue. 

 It was just a recommendation of something to avoid, but thank you for your concern. 

Generally we want a first position note on the property and a term is established. It would be your responsibility to pay off the loan, refinance the loan, or extend the loan for a cost.

Recently I bought a house where the ceilings had a plaster finish that I can only describe as looking like lemon meringue pie or stalactites/stalagmites (I forget which is which, but the ones on the ceiling of a cave). I knew this was one of those cosmetic must do’s. The cost of not addressing an issue like this, and yours if you deem it absolutely necessary is far greater in holding costs. Suck it up, bang it out, and reload.

Real estate attorney... find, utilize, pay, and then you’ll sleep at night. I’s dotted, T’s crossed.

I didn’t even read the post, but just going off the title I’ll tell you not to trade rent for work. Never ends well. Best of luck.

It is more simple than you think. You start at the beginning and grind uphill one day at a time. There are no shortcuts. Forget everything your intimidated by. Just do it. Inch by inch. There is no secret recipe. Just say 1 and a string of days that will add up to something if you gut it out.

@Matt K. I am not against him finishing school.  I am giving him a peek behind the curtain if he wants to see what the other side of the coin looks like. If he wants to stay, great.  I hope he is the best IT guy around.  If his heart isn't in it, and he is completely dead set on real estate, and he is hooked up with someone legitimate, then he should go for it.  If that is the case, he needs to throw himself completely in.  Scrubbing toilets and working his way up until he is signing the front of checks. 

I think we are definitely getting off topic here, but 3 semesters or not, he has to decide what he wants to do.  I can almost guarantee that the opinions of a bunch of strangers posting here on a blog will probably not have as much significance as his circle's recommendations.  

As far as the $8 hr job as an alternative, that is not necessarily the case.  I was making 6 figures with a high school education before my investing became my true bread winner. I can name dozens of people like that.  I can also name a dozen people with master's degrees making $40k a year.  College is not a bad thing at all, but it is also not the end all be all that we were raised to believe it is.  You can achieve massive success within real estate or outside of real estate without a college degree.  

@Matt K. By the way.  Temple is $32k for in state and $42k for out of state.  Appears to be without housing included. Do you really want to keep going around and around?  So yes.  His college education will cost him around $100k all said and done.  This is foolish now.  Im done. 

@Matt K. maybe it would be and maybe it wouldn't be.  It all depends what the kid really wants to do.  Everyone here can go back and forth about it, but it is his decision to make.  Your here arguing about the cost of college.  Instead, tell him how your advanced degree helped you make a living in real estate and help convince him to stay in school if you like.  Im not going to stop you.  Your advanced degree did help you in real estate correct?

Originally posted by @Matt K.:

Originally posted by @Brandon Ingegneri:

https://www.snhu.edu/tuition-and-financial-aid/tui...

Take a peek

 why would he move there, why would he live on campus etc when he's three semesters away.

I think this is getting a little carried away now.  I don't know what school he goes to.  I simply looked up the most affordable school for his degree.  He is most likely paying even more than that if we are running the numbers on the most cost effective option.  Are we really going to turn this into whether or not the kid is living at school or not? Its pointless.  Someone contested the cost of college, and I just provided documentation that college is actually quite expensive which we all know.  Thats it.  I have no idea where he goes to school, if he has a scholarship, whether he lives there, takes online classes, belongs to a frat, or wears flip flops in the dorm showers.  Who cares?  Move on.