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Updated about 5 years ago on . Most recent reply

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John Legg
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Just looking for opinions about my plan

John Legg
Posted

Good evening. First off I have been in the Air Force for almost 21 years and I am starting to seriously think about what I want to do when I grow up. I have always liked real estate and I want to delve into all things related, but I feel like a beginner because I am somewhat institutionalized. I currently own an investment property in Fl as well as my residence in Newport News Virginia. I am slowly working on obtaining my real estate agent’s license and Master’s degree. I had given a lot of thought to getting a part time job for extra cash to pay off some debt and put towards investing, but using my MGIB kills two birds with one stone since my wife was’t keen on my idea of constantly working. The university I am attending is really cheap and I can bank a little over a grand each month in my pocket. So, I’ll have extra money in the present and the Master’s degree will allow me get a higher paying job when I retire for the AF to invest more. My dilemma is the path I am currently on will take a couple of years, but I figure I can buy an investment or two a year until I retire. Is there anyone out there with any opinions? I guess another issue I have is I just turned 40 and maybe I am thinking about the whole mid-life crisis thing. 

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Kathy Henley
  • Rental Property Investor
  • St. Louis, MO
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Kathy Henley
  • Rental Property Investor
  • St. Louis, MO
Replied

It isn't a mid-life crisis thing @John Legg Planning for future income is good. Yes is takes a couple of years but you are on the right path to financial independence. Yes pay off debts so that you will qualify for loans. 

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