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 almost 6 years ago on . Most recent reply

User Stats

58
Posts
25
Votes
Kyle Coleman
  • Baton Rouge, LA
25
Votes |
58
Posts

W2 Day Job Question

Kyle Coleman
  • Baton Rouge, LA
Posted

Hello All,

I'm already an investor, but still fairly new.  I have a few buy and holds that cash flow nicely, but I'm looking to branch out and grow faster rather than sit and wait for 20-25% down payment every time.

My question is this, if you were due for a raise at your day job, would it be wise (i know in almost all other cases the answer would be no) to ask for a larger one time bonus, instead of the raise.  The thought behind this was that if I can accumulate enough 'seed' money, I could start doing fix and flips; which in theory could turn that raise I passed on, into much more. 

In a business where cash is king, it seems like it could play out in my favor. I do have a feeling that most people are going to say, if you dont have enough cash - partner up and take the raise instead.  Then use the cash from partner deals as seed money. Hm, I may have just talked myself out of it - but I'd still like opinions.

Thanks,


Kyle

Loading replies...