All Forum Posts by: David H.

@Christopher Christian Apologies I should have read your post better, I didnt realize you were pursuing the MBA to switch careers, I thought you were just looking to move up quicker in your own discipline. In that case it may be worth it. If you are in a field that isnt providing the funds you need than I can seeing going the mba route can be worth it. It actually sounds like a good idea.

@Christopher Christian My personal opinion is that an MBA is overrated when it comes to career advancement and performance will heavily outweigh it. And the time devotion for it if spent towards what your ultimate goal is would pay off much more. I have a masters in engineering and I wouldnt do it again and my employer paid for it. I think spending that time hustling at your employer or in real estate would pay off far more. . Not even factoring in the debt Having said this it does depend on your goals and your particular field. If its strictly career advancement it may be worth it but if it's to make more to get into real estate I dont think it is at all.

@Chris Roche I definitely would not use it in the stock market. It's to volatile unless u are leaving it long term and since the heloc rate will change u may need to reconstruct it at a higher rate and wind up with issues. I would use it for down payments on a few properties. It depends on your goals with real estate of course but I think the best options with it are in real estate

@Clint Morris Yea most banks around me limit to 4 mortgages. So that's 3 investment properties since your primary counts. Another option is to get a line of credit against the primary as that doesmt count as an extra mortgage. After that have to go the non traditional routes.

@George V. It depends on the bank. The one I'm using now will with no issue. I think the smaller local banks are more willing than the big names

@Tony R Fox That sounds awesome. I'm also an engineer and it should give you good opportunities to do what you are trying to do. I did a couple flips early on and a rental and sat on the sidelines awhile cause the market crash scared me. I'm back into it now but stay with it would be my advice. It will pay off long term

@Ryan P. Kotschedoff Good for you man. Mike M gave some good advice. I think it's great you are thoughtful of the agents perspective and that you are looking to learn so early and taking action. Keep that approach and you will be very successful

@Michael Plante Interesting, I live in an area that has that type of scenario. I will have to look into that. Thx

@Mehmet Eksik Be conservative, assume it gets 6-8% ROI. Then add this assumed deal with the one u are putting 21k down as your original deal and compare those combined numbers to putting the 37k down on this one deal. That is a better comparison than to the leaving it in the bank at 1% return option. But it also depends on your goals. Do you want one property or do you want to grow. That answer should influence your decision

@Michael Plante That's pretty awesome, I'd take half that cash flow!! So your dealing with more the outskirts of town lower income versus the run down inner city higher crime areas