All Forum Posts by: Cameron Daste

To be clear, I'm thinking I would do the above for several years while building my portfolio and learning, and then solely focus on my portfolio once I'm established and am generating enough income to live off of.

Hi All - 

Looking for recommendations on a career shift to speed up my education in real estate investing. My background is in analytics and have worn a couple of different hats in the space - sales compensation, business performance / reporting, COGS management, and opportunity / risk evaluation and implementation.

Real estate investing is the first topic in a long time - maybe ever - in which I've been truly interested in learning more. So, I figured a career shift to something I'm more passionate about could only help with my goals of having success in the space down the road. 

What career choices would you propose for someone in my position that would help bolster my learning? Mortgage lending? Property management? Investment analysis? And would also love any recommendations on how to get into these areas.

Thanks in advance!

-Cameron

Thank you to each and every one of you for your input! Clearly a lot to learn still. And to your point, Jeff S, I need to change my mindset. Also didn't know the deducting of interest trick. Thanks again!

Not going to lie, the amount of interest paid over the life of a typical mortgage is insane to me. I'm guessing I can't be the only one...

How do people find comfort in knowing the interest payments, over time, could even exceed the original value of the loan? Do folks typically go for a larger down payment, when possible, to reduce the interest? Pay in more frequent installments? Refinance?

What are the benefits to keeping your mortgage payments the minimum? I'm guessing you can leverage your other earnings for something else? I feel like anecdotally, I've heard people leveraging debt (from a mortgage or something else?) to make additional investments?

Any resources to learn about the above in detail? Or words of advice?

Thank you!

Appreciate the comments here, Dan!

Thanks, @Bradley Buxton.

Along this line of thinking, would it make sense to also look into a syndication model? I understand there's more legal ramifications in doing so (LLC creation?). But this model would help in getting together the necessary funds (especially for a down payment and minimizing the potential interest on a loan), while bringing in legal complexity. Thoughts here?

Houses that I've been looking at are $500 - $750K range.

Appreciate the reply here, Carlos! Nice to see what I've heard being validated.

Curious to hear folks' thoughts on the recommended approaches for markets where home values are on the higher end. Trying to get started in the real estate investing space, and I live in Seattle where home prices are quite high (at least, in my opinion). I've heard flipping might be a good place to start, but would love to hear about people's opinions and experiences in these types of markets. What tends to work, watchouts, etc...

Thanks in advance!

Thanks, Ko! Definitely an area I want to spend more time educating myself on.

Got it - thanks much for the response here!