All Forum Posts by: Tyler Coyle

Ultimately it's up to you. If you can get approved for a good loan, I'd definitely invest. Debt that makes you money is fine, in my opinion. Only thing I'd say is try like heck to get a multifamily, not a single family.

@Josh Barton Sounds like a great deal. Good job!

Where did the $40,000 come from? Did you all split it as well?

@Stephanie P. that is a very great point you make. It may just force me to get a little more creative.

Thanks for the career advice. I don't think the particular opportunity I have in mind would be something I'd be passionate about necessarily, but there's opportunity for good income. I'm hoping that in 5, to 10 years at max I'll be able to live off passive income and other REI endeavors allowing me to go full time with that.

The biggest problem is, due to personal life reasons, I'm moving from an area with tons of jobs (Raleigh, NC), to an area with much less opportunities (Wilmington, NC). I've been patient for about 4-5 months now, but I'm starting to get more creative with other ideas to make the move happen.

@Stephanie P. Thank you for the information. This will all be valuable while making decisions as I continue going through my job search process, as I do not want to potentially slow down opportunities to break into REI.

@Eric Veronica Thanks for the feedback. Do you know if private lenders take this stance as well?

Thanks in advance

@Caleb Heimsoth thanks for the insight.

@Cameron Price thanks for the advice. I would be going into a new field and it would likely be a slight pay decrease for a few months, but likely back to the same or and increase after a few months.

I may try to find a professional to speak with. The best case might just to be more patient with my job search for now I suppose.

Hey BP,

Currently, I am in a Salary position. I have

never worked commission based only jobs. I am considering pursuing a job opportunity that is commission based.

However, I've heard that you have to have 2 years work history under a commission only position to apply for a mortgage, and my prior work history will be disregarded.

Is there anyway around this?

FYI, at this moment the strategy to enter the field I've been focusing on is buying a duplex or tri-plex through a first time home owners program. However, waiting two years if I were to go to a commission only job would be a bottle neck for me.

Thanks in advance

@Sunanda Nair

I went to school at ECU in Greenville.

Pretty much always have tennets as students tend to try to pass their rentals on to their friends when they move out. I'd think it'd be pretty easy to cash flow based on rent is a little inflated due to demand.

Not sure what kind of current opportunities exist but I'd think it's a solid market. Big Colleges = security. But you have to deal with irresponsible students potentially messing stuff up.

Steve,

Thank you for the kind welcome. I have already researched the Coastal Carolina REIA and I definitely plan to join. Thank you for the suggestion. I would love to meet up with you sometime and pick your brain if you are open to it.

Thanks!

Tyler Coyle