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Updated 3 months ago on . Most recent reply

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Career advice for my daughter

Blaise Peterson
Posted

Daughter: 26yo and earns >100k/yr and, historically, has rolled her eyes when I mention the phrase "real estate".

Me: Old, RE is a side gig, transitioning from hands-on RE investing to minimal-effort cash flow, selling most of my residential RE (keeping non-residential properties), want to spend all my money before I die so my daughter will not inherit anything :)

Given my best efforts, it's likely that she will inherit a respectable amount of RE. Now she is interested in getting involved and is open to a career change.

Question: Is there a job she could transition to where she would match her current salary and benefits? She's willing to go to graduate school.

RE agent and entry level PM would not be an options.

Thank you!

Most Popular Reply

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761
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Tim Delaney
  • Buffalo, NY
501
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761
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Tim Delaney
  • Buffalo, NY
Replied

Unless she hates her job it probably makes sense for her to continue with the high earning (and hopefully saving) so that she can look as bankable as possible as she gets into RE. I would just have her intern for you - let her start taking over some tasks and loop her into decision making. You also don’t have to give her property - you can seller finance it so she starts paying you monthly - that gives you a steady income and helps her get into the game.

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