All Forum Posts by: Malcolm Kelly

Hi @Steve Vaughan thanks for the response. I received a few responses earlier and it seems everybody believes it is overkill. I appreciate the honest opinions of actual investors. Thanks again!

Thanks for the responses everybody. I agree with each one of you. We do live in an age where information is at the touch of a button and the school of hard knocks usually prepares you better than a professor could. @ Nick Britton it's good to hear it from someone with first hand experience. Again I appreciate it.

Hello to everyone hope all is well.

I am at an intersection in my life right now where very important decisions must be made but I am torn in which direction I should pursue. I'm 28 years old and on track to graduate in the spring of 2016 from undergraduate. I first attended college in 05 as an 18 year old and by 21 I was leaving school early to pursue childhood dreams. Turning those dreams into reality allowed me to save up a couple hundred thousand dollars of investable cash. I plan to invest in real estate with renovations of distressed properties to either flip or rent,  and straight up buy and holds preferably multi family. 

Having started my own small company before I know nothing beats hand on experience but would a graduate degree in real estate development give me the upper hand in furthering my real estate plans. I mainly want the graduate degree so that I would understand the process top to bottom but is it overkill? The luxury I have is that my former employer has a program that awards full scholarships of 20k per year to ex employees to pursue graduate degrees in any field of choice. My goal is to eventually have 250+ doors of passive income and steadily do small fix and flips along the way with the emphasis being on buy and hold.  

Thanks for any feedback.

Hello to everyone hope all is well.

I am at an intersection in my life right now where very important decisions must be made but I am torn in which direction I should pursue. I'm 28 years old and on track to graduate in the spring of 2016 from undergraduate. I first attended college in 05 as an 18 year old and by 21 I was leaving school early to pursue childhood dreams. Turning those dreams into reality allowed me to save up a couple hundred thousand dollars of investable cash. I plan to invest in real estate with renovations of distressed properties to either flip or rent,  and straight up buy and holds preferably multi family. 

Having started my own small company before I know nothing beats hand on experience but would a graduate degree in real estate development give me the upper hand in furthering my real estate plans. I mainly want the graduate degree so that I would understand the process top to bottom but is it overkill? The luxury I have is that my former employer has a program that awards full scholarships of 20k per year to ex employees to pursue graduate degrees in any field of choice. My goal is to eventually have 250+ doors of passive income and steadily do small fix and flips along the way with the emphasis being on buy and hold.  

Thanks for any feedback.

Thanks for all the replies! It seems that if Im financially capable or comfortable I should jump on a great deal to add to my portfolio if I come across it being that they don't come across each day. I plan to invest with my brother and we're going to be using our own money. I haven't wrapped my head completely around the idea of hard money or using other peoples money yet. On the surface I don't like the idea of dealing with outside investors ie OPM. I'd rather take my own risk and handle what my finances say I can handle. 

Thanks again for all of your feedback

Hello everyone,

Im new to Bigger Pockets.com so this question may seem elementary to some but Im curious. Im in the process of selling off a previous business venture and once I do Im going to use the money to strictly invest in buy and hold properties in the Houston area mostly multi units. 

My question is once you've purchased your first rental property how do you determine when its time to add the next property to your portfolio? Is it positive cash flow? A certain length of time with positive cash flow? ROI? Im assuming there has to be a rule to abide by in the building of your rental portfolio. By the way the podcast are priceless.

Thanks for any help.

Malcolm