Do I bite the bullet and do it?

[Joe B.]

Hey all,

First post here. Been listening to the podcasts and decided to join the forum. Im 26, and sadly only make 20k a year. I have a masters in Healthcare administration, undergrad in international business; however I live in an absolute crap job market and I cannot get hired anywhere.

Im currently living in Wilmington NC. Only moved here because my parents did in 2013. Im originally from NJ where people hustle, theres multiple jobs, and property is 5x more expensive.

Although I only make 20k a year, I invest heavily. (Kinda sucks that people with a job waste their money every weekend while Im on short stack the last 2 years). I have around 25k I can play with for a down payment. In my area, I can get beautiful properties that were built 5-20 years ago for no more than 150k.

In the long run I want to be a real estate investor, I want to own multiple properties, and make passive income through it. My area as I said is cheap, and growing rapidly.

Would you recommend I purchase a property with the money I can play with? Would you recommend single family house vs condo/townhome? 

Is what I want to do realistic?

[Jay Hinrichs]

@Joe B.  forget investing for the moment your whofully undercapitalized.. and you could end up losing whatever you have.

if you want in real estate and your working part time now.. get a RE license cost maybe a grand.. so spend that on education.. get in with a top flight broker on their team.. earn while you learn.. then start saving money.. hang with the club that does deals  IE real estate agents.. you will find off market deals before anyone else and you don't have to send or spend money on marketing to get them its all in the club.

short of that take your degrees and energy and move to a better work environment.