2 yr. College Investment or Jump into Real Estate?

[Alex Merkel]

I am in a bit of a pickle; I am deciding how to achieve my goal of owning buy and hold real estate. My current job doesn't bring in a lot of money and I am trying to figure out if I should just go to college and get an associate's degree and augment my income so I can save more money for down payments or continue in the path I am on and maybe have a slower acquisition rate and be less "bankable." Right now I have just under $10,000 saved up over two years and I would love to hear what others think about my situation. Thanks!

[Account Closed]

@Alex Merkel

The Limiting belief here is “I can’t do both right now”. Get your finances in order to buy a modest home with multiple extra bedrooms. Or better yet, an extra suite in basement if feasible. Rent the extra bedrooms, or in the ideal case the main floor suite AND the extra bedroom in the basement and live in the crappiest room of the house. You’ll most likely appear to make profit monthly but you’ll be forgetting the 5yr maintenance and vacancy and cap-ex dollars that disappear from your bank account on a less frequent basis. Overall, you’ll likely break even (zero housing costs).

Now, if someone said to you your house costs were zero, could you make school happen immediately? I bet you could.

Start today.