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Updated over 6 years ago, 08/09/2018

User Stats

140
Posts
53
Votes
Doug Phillips
  • Realtor
  • Cincinnati, OH
53
Votes |
140
Posts

Any suggestions on my position?

Doug Phillips
  • Realtor
  • Cincinnati, OH
Posted

Hey BP,

So as of 9/21 this year, my position at my job (Just answer phones basically)  will be terminated-they're hiring on someone else to do it + that person has a background in energy for years etc.  I was wondering your thoughts on what to do next mainly for cash flow/income, based on the following points.  Let's take a look at some things:

-I'm 25 and was/am making $10/hr (contracted), not much money/week however it is doable as my gf is currently the breadwinner.  I can communicate online and do my RE work during this time too, which is nice (Family company)

-We currently rent. I've $6,000 set aside (maybe more if I can convince my sister to invest in the following) I planned to possibly put towards investing in a duplex via FHA loan at some point- only problem is my DTI ratio isn't too good (low income and new car in my name- gf makes payments pretty much her car) so I'm not sure I can get pre approved-my credit is great though.

So that's kind of where I stand:  I need to establish cash flow/income so I can move forward for investing purposes.  My goal- as most people on here is financial freedom/wealth via multi families, etc.  I guess I just need that "push" in the right direction from where I stand.  Any suggestions and/or criticism are most welcome.  Thanks!

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