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Updated about 5 years ago on . Most recent reply

User Stats

49
Posts
9
Votes
Rory Compton
  • Realtor
  • Virginia Beach, VA
9
Votes |
49
Posts

High Income Family Looking to Start in REI Full Time

Rory Compton
  • Realtor
  • Virginia Beach, VA
Posted

I am looking for some advice on how you would get started if you were in a high income family. My wife is an active duty military doctor and I am a veteran myself. I am finishing up my degree from Old Dominion University in finance with a concentration on RE and a minor in civil engineering technology. We are not looking at buying revenue streams, because most houses would cash flow well with a 50% down payment. With my education though and not having to "sell or starve", I figure it is best to work within the RE industry. The goal is to work my way to BRRRRing as much as possible in multifamily.  I did post this in another section, but I thought this may be a good place to post as well as I would receive different opinions here.

With that said would you get started in property management, mortgages, appraising, or as a commercial (multifamily emphasis) or residential agent?

Most Popular Reply

User Stats

1,023
Posts
750
Votes
Jim Pellerin
  • Real Estate Consultant
  • USA
750
Votes |
1,023
Posts
Jim Pellerin
  • Real Estate Consultant
  • USA
Replied

@Rory Compton If you have no immediate needs for income and looking more for long-term growth, I would look at becoming a commercial agent. The other thing you could look at would be selling private equity investments.  

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