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Updated almost 6 years ago,

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

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