No Job with 90K? Office Then Helicopter or Straight to Helicopter

[Skylar Vincent]

Hi BPers!!!

I've got a question and I thank each and everyone of you for your response. You ROCK!

I'm in between jobs (a.k.a not employed) and I'm hoping I don't have to go back to the office life.

I have 90K to use for investments.

I can live for a year using other money I've saved.

I've yet to buy any type of property.

My goal is to be a helicopter pilot but not rely solely on that for money. Tuition is 75K (I can get a loan for that no problem) and takes 18 months. The school is in Idaho. Let's say I'm not working during that time.

Not sure if I should:

A. Go back to work for a while and build more money for RE investing before flight school or...

B. Go to flight school now and and start that path. 

What would you do with the 90K and my life situation?

Thank you so much everybody!!!

[Andrew Kerr]

@Skylar Vincent - Go do a house hack in Idaho near the flight school. Live in one unit, rent the other room(s) in your unit to classmates. Then rent the other units in the small multifamily. Hopefully all your housing costs are covered and you can make a little money. Once it is fully rented, refi and get most of your cash back out. After a year in the property, buy a second house hack, do the same thing. At the end of your 18 months in flight school, you own two small multifamily properties that are giving you positive cashflow. 

On a side note, is flight school really that expensive for a helicopter pilot? Most flight schools where you learn on a plane run around $10-$25k. I have wanted to look at learning to fly a helicopter, but I think I will pass and stick with learning to fly a plane.