All Forum Posts by: Jack Perfett
Jack Perfett has started 29 posts and replied 65 times.
Post: Should You Take Out a Loan?
- New to Real Estate
- Philadelphia, PA
- Posts 65
- Votes 30
Originally posted by @Cameron Tope:
Hey Jack,
What are you planning on investing the money in - rentals, flips, etc?
If you buy solid cash-flowing rentals then I would definitely take advantage of the low interest rates.
@Cameron Tope
I plan on starting with a rental. Nothing crazy just a good starter to get the ball rolling.
Post: Should You Take Out a Loan?
- New to Real Estate
- Philadelphia, PA
- Posts 65
- Votes 30
My soon to be business partner and I are soon to graduate college. I will be graduating with a Masters in Architectural Engineering (focusing on structural engineering) and my partner as a lawyer. Neither of us have any loans to pay off and plan on making a decent combined income. We are unsure if we should simply save our money and invest with cash or take out a loan for our payments (Mortage, Repair Costs, etc.) Maybe a combination of both? Let me know what you think!
Jack Perfett
Post: How Many RE Investors are Engineers?
- New to Real Estate
- Philadelphia, PA
- Posts 65
- Votes 30
Interesting statistic. I am currently earning my masters in structural engineering so this is cool to hear!
Post: What Should I be Doing With My Money?
- New to Real Estate
- Philadelphia, PA
- Posts 65
- Votes 30
Originally posted by @Account Closed:
Originally posted by @Jack Perfett:
My name us Jack Perfett and I am a 20 year old college student that lives in Pittsburgh. I currently have no expenses, (college and housing is paid for) and am interning this summer and making decent money. I figured since I am in the financial state that I am in I might as well start my financial career early. I really like the idea of investing into index funds, but am now liking the hands on aspect of real estate. I am unsure if I should pouring my money into the stock market to take advantage of compound interest at my young age, or save this money for a down payment on a rental property. Please let me know what you think. Any advice is welcome!
I think it's a bad time to get started in the stock market unless you have a good understanding of why it is high right now. The stock market should reflect production and people's confidence in the companies they invest in. Right now the stock market is high because the Fed has printed so much money, the money needs some place to go. Hedge funds are buying real estate. What does that tell you? The guys with the big money have a lot of analysts that spend their day looking for deals.
Join a REIA (NationalREIA.org) in you area and learn real estate by being around people doing real estate before you put an substantial money into it.
Great advice and good example. Thanks John!
Post: What Should I be Doing With My Money?
- New to Real Estate
- Philadelphia, PA
- Posts 65
- Votes 30
My name us Jack Perfett and I am a 20 year old college student that lives in Pittsburgh. I currently have no expenses, (college and housing is paid for) and am interning this summer and making decent money. I figured since I am in the financial state that I am in I might as well start my financial career early. I really like the idea of investing into index funds, but am now liking the hands on aspect of real estate. I am unsure if I should pouring my money into the stock market to take advantage of compound interest at my young age, or save this money for a down payment on a rental property. Please let me know what you think. Any advice is welcome!