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All Forum Posts by: Wyatt Polk

Wyatt Polk has started 5 posts and replied 12 times.

Post: Real Estate Agent Recommendations - PG County Maryland

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

Hi Bigger Pockets Fam, 

Good evening, hope all is well. My wife are investors in NJ looking to invest in PG county Maryland and wanted to know if you had any recommendations for investor friendly agents in the area? We are primarily looking in Capitol Heights, Hyattsville, College Park, District Heights. Thanks for any feedback you can provide and thank you for your time and attention!

Post: $Dental School Debt vs. house hacking

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

Hi Bigger Pockets Family,

Looking for advice here! All comments are welcome and thank you in advance. My fiancé recently finished her residency and is working full time as a dentist. We both make pretty good salaries and combined bring in before taxes around 185,000. On the flipside we have massive debt. Mine is around 50, while hers is around $400,000 due to out of state dental school. Crazy, I know. We have been interested in slowing building our real estate portfolio through educating, networking, and of course action! We are planning on a house hack to begin as this may help us cut costs as we are currently renting. Any advice on if this amount of student loan debt would be too much to invest? We are in our mid twenties, and have heard several about people investing with tons of debt, and vice versa. However I wanted to see if anyone could shed personal experience, or advice in general? Thank you! 

Side note: We live very frugally plan on paying the debt back within 5-6 years maximum! We budget every month and know our goals for this, thats why although the number will and would alarm most, based off our ages, incomes, and potential to grow we are excited rather than deterred. 

Post: Wholesaling South Jersey, NJ

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

Hey Bigger Pockets Community,

Good afternoon! IS anyone wholesaling in this area? I am looking for someone to learn from first hand. I have been learning about different avenues of real estate and solidifying my long term goals. In the meantime, I am looking to save up some more money towards my first house hack. Wholesaling is quite rewarding based off of research and podcasts I tune into, however just want to see if anyone in this market has suggestions. 

Post: Pay back Student Loans or Save for First Rental Property ?

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

@George Pauley

Completely! Thank you  ~ 

Post: Pay back Student Loans or Save for First Rental Property ?

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

Thank you all! Tons of information top pull from and consider as well as  my own intuition and goals to weigh! Regardless thank you for the input! 

Post: Pay back Student Loans or Save for First Rental Property ?

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

@Shannon C., Thank you so much for the valuable insight! This not only inspires me to see that I have options, but motivates me to continue to take massive action toward my goals!! 

Post: Pay back Student Loans or Save for First Rental Property ?

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

Good morning Bigger Pockets Family,

So I currently have $55,000 in student loans averaged out at about a 6% interest rate. I have been paying about $1000 a month to try and get this down fast, while still saving any leftover money for my first down payment for a multifamily my fiance and I want to house hack. I am wondering if there is anyone who could shed light on there experiences with paying loans vs. What is the best strategy you've found success with?  Any advice is  welcome! Thank you all. I can provide more info in needed. 

Thank you yo all! 

@Kurt Kwart Thank you for the suggestion! This falls right in line with my goals! 

Post: So what's holding you back?

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

@Frank Patalano 

Yes sir! Thank you for the positive affirmation! Have a  great weekend! 

Post: So what's holding you back?

Wyatt PolkPosted
  • Investor
  • South Jersey
  • Posts 13
  • Votes 2

Income, only around 8k and looking for partnerships for first multi units, and looking speicifally in NJ. I love the idea of creative financing! Whatever it takes to make it work :)