Starting Out
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,
W2 Day Job Question
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