All Forum Posts by: Brittany B.

@Brittany B. You're going to get different opinions on where to spend your money, but you came to a REI website seeking advice. The majority of us in here would prioritize buying your first property > going into student loan debt. Do you have the ability, motivation, or drive to work OT? If you're willing to work more hours you should be able make a ton of money, no?

I would not value a masters degree over being debt free and buying a home. RE is only getting more expensive especially if interest rates start to dip. There's too much buyer demand on the sidelines. If you're financially stable don't hang out on the sidelines forever.

I agree! Thanks for your input! I think ultimately grad school will be more about job satisfaction. For now while I can keep up with the nursing bedside hustle, I can focus on real estate and continue to evaluate school.

1 Vote

Hi!

I have 6 months savings, I have never owned a home, and I have only about $14k in a HYSA (not including my IRA). My current career (RN), while a good job/salary for now, does not have a great projected salary increase over time, unless you potentially spend 20-30K on grad school.

Should I continue to save that money I'd spend on grad school towards a first time home? I know it's a great investment, especially if I try and house hack. Or should I bite the bullet and do grad school for 2-3 years to make 40-50K more a year? I'm able to work while I attend school, I am currently completely debt free, but owning a house is a goal of mine as well.

Would love any input! I am complete newbie at markets, investing, and using my money wisely so I am trying to educated myself/research as much as possible! I have a financial advisor, but ultimately where I put my money is up to me.

3 Votes

Y'all,

Bigger pockets is SO real estate investment heavy. All I hear from everyone is the best time to buy real estate is now. I am ready to buy now, but I only have $10,000 in emergency funds, $14,000 in stocks, $75,000 in my 401K, and a few thousand dollars in my checking account.

I am an RN so I can always work overtime, but it's at the expense of my mental health.

Should I use the $14,000 in stocks as a down payment for a house? If I try to save more money for a house down payment and more emergency funds, It will take me many more years. Who knows what the market will be. I currently live with my brother and pay very little in living so I am giving myself a few more months to save a few more thousand dollars.

Where do I begin?

1 Vote

Houston, Texas

All Forum Posts by: Brittany B.

Brittany B. has started 2 posts and replied 3 times.

Post: Where to put money

Post: Where to put money

Post: where to begin