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Updated about 16 years ago on . Most recent reply
Look for job or continue investing?
Let me explain my situation before asking my question. I am 22 years old, a senior in college and about to graduate in May. Business major. I caught the REI bug early on. I bought my first investment property in mid-2006. Said property is 2 blocks from the university in North Carolina that I attend. I lived in the house for 1 year, while renting it out the other 1.5-2 years. I love the property and it has been a great learning tool as well as cash cow. I do not plan on selling this property for quite some time.
I had an internship this past summer with a large commercial real estate firm. I learned quite a bit and still have contacts there. I have a great understanding and love for the commercial industry, but I wouldn't say I'm passionate. I wake up every morning having a passion for residential property, with a concentration on hold/rent strategy. I search the local North Carolina and Baltimore MLS daily.
I have had some "informational interviews" at a few commercial firms in the Baltimore area (where I am from) in the past few months. I have gotten some great feedback, but everyone tells me that there is NO way they can higher a young person like myself in this economy. I have been wrestling with this for about 2 months and can't figure out what I should do.
Should I continue to search and search for a job in commercial real estate? Is anyone going to higher me right now even with my experience and drive? Or should I do what I am passionate about, and expand my current LLC business and continue to buy up single family rental properties? Starting capital isn't too much of a worry... I've got quite a bit tied up in the current property.