All Forum Posts by: Derek Savage

@Gary Harrell I live within a 20-minute drive of a UPS distribution center. That wouldn't be a bad option; I have never even considered working for the sake of educational reimbursement. I feel like I am most suited for a computer science degree, as the market I live in has really low unemployment and I think I would enjoy the work environment. Thank you so much for such an original idea. 

@Sean L.
I have roughly $4,200 in a 529 (non-tax college brokerage account) and I don't want it to go to waste. So going part-time at a community to get an associates degree for higher pay seems like a pretty safe bet. 

One thing is that in my area the minimum wage is $11.50  an hour (12$ for 26 employees or more). This is rising at $0.50 a year until it reaches $15 an hour. 

I am a bit concerned that by the time I got an associate I would be getting the same pay I would have if I kept working.
House hacking is the way I will likely go because I can less than 15% down while still being able to rent out the property.

@Account Closed

Thank you so much for this comment. Very insightful

@Nick Rutkowski

There is a Real Estate major offered by my local university. Although, right next to it is "(B.S. in Business Administration)." 

I am a senior in high school and I am wondering if taking a gap year and working 50-60 hours a week to get some starting capital is something to consider. I am wondering if I should do that or try to get through community college as quickly as possible. 

I already applied to a community college and I am interested in degrees for transfer to San Diego State University. I could get an associates and go back into the workforce, or just get a masters degree. My only concern is that I would have put so much money into a degree that I would have to get a job for much longer to get any capital to start.

In the long run, I would like to be a full time real estate investor, and I don't know which one would get me there quicker and safer. College always is something to fall back on, but I loose out on quite a bit of money in the process. Also, in San Diego all of the homes here require some serious down payments to get started. 

One last option is becoming a realtor. This path seems a big foggy to me, although I am still interested. 

Let me know your thoughts. I am very open minded.

Thanks,

- Derek Savage

Hello!

My name is Derek Savage and I have been interested in real estate since my freshman year of high school, and that passion has never left. Currently I have been saving 90% of my income in order to acquire my first property. My main focus is in rentals, and in my area, entry level duplexes cost about $400,000+. I will be turning 18 this June, and I am trying to get started as soon as possible while I am still young and can handle the risk.

Most of my questions this far have been about beginner financing and building credit quickly. 

I am looking forward to meeting new people!