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Updated almost 8 years ago on . Most recent reply

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Liam Brochu
  • Portland, ME
1
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Graduating in May, Career Path?

Liam Brochu
  • Portland, ME
Posted

Hi All,

I'm graduating in May 2017 and need to choose a place to work.

My goal is to buy a multi unit and owner occupy as soon as I have enough cash to place a down payment.

Should I take a pay cut and work for a property management company to gain experience?

Or should I chase the job that yields the most cashflow to place a downpayment faster. I'm not interested in the 3% down first time home buyers loan.

Thanks!

Most Popular Reply

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Dave Van Horn
#5 Real Estate Events & Meetups Contributor
  • Fund Manager
  • Wayne, PA
1,625
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Dave Van Horn
#5 Real Estate Events & Meetups Contributor
  • Fund Manager
  • Wayne, PA
Replied

@Liam Brochu

Speaking from experience as a property manager, I'd actually say to chase the job that pays more. 

Getting into that first property owner occupied as soon as possible is your best bet, whatever gets you there is probably the smartest route. Plus, it's not that you wouldn't learn things working at a property management place, but you'll learn a lot more as an owner in my opinion (at least a lot more that deals with the path you want to go down as an Real Estate Investor/Owner).

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