Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Mason Richard Sherman
  • Panama City Beach, FL
1
Votes |
7
Posts

Stuck in a good position. Need input!!

Mason Richard Sherman
  • Panama City Beach, FL
Posted
Im a 20 yr old kid and basically I’m stuck between going to school or becoming a real estate agent/investor. So my dad owns a chiropractic practice that is very successful. I could either go to school and take over his business and guarantee my self a 6 figure salary until it’s eventually mine and use the money I make early on to invest into real estate and other areas to create passive income and eventually just own and run the business not work there. Only problem is that I would throw myself somewhere between $150k-$200k in debt. This is the more save route because even though the massive debt I am guaranteed a steady job, a 6 figure salary and to be my own boss and own a million dollar practice sometime down the line. On the other hand I could get my real estate license and grind while I’m young. Due to my fathers success and my family’s popularity in my hometown we have numerous and numerous amounts of connections all over the city with all kids of people so selling/ getting clients wouldn’t be a problem. I know plenty of agents and even “owners” of the real estate firms around here so getting a job wouldn’t be a problem either. I also live in a relatively high income area so the cuts I get would be pretty large. I really don’t like school and I want almost nothing more to be successful. I’m just kinda stuck right now and I know that I’m young but I feel like time is running out to decide. Any input would be thankful!!

Most Popular Reply

User Stats

7,695
Posts
7,859
Votes
Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,859
Votes |
7,695
Posts
Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

Mason Richard Sherman do you generally have interest in being a chiropractor? If so I’d go that route. If your family is successful not sure why you’d need all that debt. No help with school for that?

I’m a big believer in education builds wealth. Real estate builds wealth but so does education. When you combine both you get fantastic results. So if you have general interest in being a chiropractor I would do that, work for your dad and then assume the practice when he retires.

Loading replies...