All Forum Posts by: Christopher Christian

@David Galy That is great advice. My company also offers $5,000 in tuition reimbursement. Climbing the ladder at my current job to get a higher income is definitely something I've considered. I'm just really itching to switch industries and get a W-2 job in the real estate field.

Thanks for the reply!

@Alexander Wardell It sounds like you are on the right track! One of my reasons for considering the MBA was also to have as many options available as possible. My plan was always to get started by house hacking. I want to find a three or four family property and live in one of the units. The issue is that properties are so expensive out here! A friend of mine in the area recently sold his two family for $700K. There was also a three family on my street that sold for around $550K. Even if I do an FHA, it is difficult to save enough for a down payment, closing costs and a starting reserve for unexpected costs. I'm with you, though. Plenty of people have done it, so there has to be a way.

Best of luck with the Master's and landing that first deal!

@Account Closed Solid advice. I do not yet have a concrete REI plan, but generally speaking, buy and hold multi-family is the space I'm most interested in. My plan is to find a three or four family and live in one of the units to get started, then figure out how to move into larger multi-families moving forward. I don't see myself being able to generate 40K in additional gross income in those two years, honestly. This is a tough call.

Thanks so much for your response and good wishes, and best of luck with the Master's! 

@Jay HinrichsThanks Jay!

@Aaron Poling Thanks, Walter! Great advice. Request sent!

Hi Everyone,

I'm new to posting and have a question about "connecting" with other members. Under what circumstances would you ask to connect? Is it ok to request to connect with a member who has replied to one of your posts? On LinkedIn, for example, I would never attempt to connect with someone I don't already know to some extent. I'm just trying to figure out the lay of the land here.

Thanks!

@Sam Shueh Thanks for this insight. The absolute worst-case scenario would be to go through the trouble of getting the MBA then not being able to get a higher-paying job. I'm glad you brought up Wall Street's preference for younger MBAs. I thought I may have been a bit naive/overly optimistic about what kind of job I would be able to land at my age.

Seeing a career counselor is a fantastic idea and not one that I have considered. Thank you for the suggestion!

@Thomas S. That is a great way to look at it. The reality is that I don't want to work at any job until I am 65. I was looking at the MBA as a "stepping stone" to a higher income for real estate investing, but perhaps that is the wrong approach. Thanks so much for the input.

@Alexander Wardell Thanks for the awesome response! I do tend to overestimate the amount of workload I am able to handle, so you are bringing a much-needed dose of reality to the table. My ultimate goal is to be able to retire from the corporate world and do REI full time, but I'm guessing it will take at least another 10-15 years of working a 9 to 5 before I get to that. I was considering putting my REI goals on hold to pursue the MBA since they are effectively on hold anyway. It is proving to be very difficult to save anything substantial for investing at my current income level. I don't know how I could purchase several investment properties in the next two years, but maybe I'm looking at it wrong.

Thanks for the insight and for reinforcing that getting an MBA is a ton of work. That's great that you are able to focus on the MBA without having a 9 to 5! Out of curiosity, why are you getting your MBA? Do you see it helping with your real estate investing, or is there a specific job that you are aiming for? 

@Account Closed I have not yet been accepted into a program, so this could all be a mute point! I did speak with an admissions rep at the program I am considering, and they said I fit the profile of someone who is likely to be accepted. Who knows, though.