New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Deciding on which path to take
Hello all
Thank you in advance for your insight.I’ll try to be as brief as possible. I’m a bit torn on how I want to proceed with my job and investing.
I currently work for an investor who flips homes. I really love my job! I invest no money of my own, receive a decent salary that covers all my living expenses, and receive 30% of the profit on the projects I manage. I’ve been offered a 50% cut of profits if I contribute 50% capital to the projects. Based on the last 3 years I’d see an extra 70k per year based on this increase in percentage
I am also working on a building a rental portfolio, I have 4 doors currently.
I have built enough equity in my primary residence that I now have a $200k line of credit.
Would you take the offer of increased stake with my employer, or keep the line of credit open to be able to seize more rental deals?
Thanks again
Christian