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Updated over 6 years ago,
Moving to USA as a 27 year old with $100k, open to any advice!
Hey guys,
So I'm a month or two away from completing my move to the United States, Pittsburgh specifically, and I need a whole bunch of help figuring out what I should pursue once I get over there, so I've started doing some research.
A bit about me:
- As per the title, 27, moving to the US from New Zealand, and have around $100k cash at my disposal
- Fiance lives in the US, and makes around $40k a year
- Have experience flipping houses, done 4 to date, I'm competent at and confident with most aspects of construction and project managing
- Have experience being a landlord, although I suspect I'll have to relearn most of it with the different laws and such
- I have no college level or professional qualifications, I just finished high school, attended university but dropped out to pursue real estate
- A very fast learner and willing to lead or work under someone.
So that's basically my background. As for my goals, long term definitely would be making a large amount of money, either salaried or working for myself, so anything in the short term would hopefully be leading to that.
As for short term options, so far I've thought of a couple. First would be to either flip houses, or use the BRRRR method full time to accumulate a nice portfolio. This seems to be the riskiest option, but would yield the most reward. Secondly would be to pursue a degree in either finance or real estate, and try to break into the commercial world when I graduate. I have very little knowledge about CRE, but find it super interesting and would like to do it as a career, any insight into positions or salaries would be great. The third option would combine the 2, flipping houses while I study. Obvious benefit here is the degree at the end of it, plus rehabbing would allow me to make money whilst attending college.
If I did go the college route, what would be preferable, a degree in finance from a better university, or a degree in real estate from a less known university?
I'm basically just after any advice possibly, what would you do in my situation, what should I avoid? I'm looking to hit the ground running, so feel free to connect with me too, I'd love input from anyone!
Thanks for reading the giant wall of text, I'm sure there is so much I could add too, so if there is anything you'd like to know, please just ask!