All Forum Posts by: Drew A Roque

@Zach Cummins

I’ve also read Dave Ramsay’s Complete Guide to Money before listening and reading information from bigger pockets! I’m going to start an emergency fund right away. Do you have one? How much do you have stored away for it, 4-6 months of expenses like Dave Ramsay suggests?

@Matt McConkey

@Matt McConkey

@Matt McConkey

Hey Matt!

(1,4) Right now I am over qualified for the position I’ll be working as. So right now I will be making 90k a year... however I’m looking to be promoted in June and if so I can make anywhere from 100k to 150k depending on how long I work out at sea for, how much overtime I work, and which class ship I get on. It varies so much because different ships have different types of work; and with that I may be working +70 hours a week and I may receive additional payment on top of my overtime payment depending if the work I do falls under “dangerous cargo”.

I’d be able to gain another 30k within the next 4 months after that first four months... maybe less.

2) I currently live at home with my parents while I’m not working. The reason is because I don’t want to be paying for a place of my own if I’m not there. I work for months at a time out at sea (+4 months at a time) so getting an apartment is an unnecessary expense for me. I don’t even have a car... no need for it.

3) I currently live in a hotel (waiting for the detailer to send me out to my next ship), which is paid for by the company I work for as well as food. While I work, I will be living onboard the ship; my living costs will be paid for onboard as well.

@angelica garcia Awesome! I'll connect with you right now!

@Calvin Ozanick

Thank you for the reply! I'd love to learn more and potentially work with you!

@Kevin Dean  Thanks! So you had the same experience as well? What decision did you make? How did it work out?

@Tchaka Owen

Thank you! What I’m really worried about is vacancy and then having to pay more debt. I also work out at sea so I would need to have the property managed by somebody else (which I want to have done anyway). I guess I’m a little afraid of commit to my first investment.

@Christopher Giannino

Thank you so much for the great response. I was also thinking whether if my potential cash flow could pay off the loan. I guess I just have to wait a little longer to start my journey toward financial freedom! Thanks again.

@Caleb Heimsoth I’m also looking to rent out of state. Do you mind if I personal message you? I want to know what it was making your first deal and what it’s like working with another partner.

@Caleb Heimsoth Thanks! I read your profile... how did you first start?

Hello Everybody! My name is Drew Roqué, 22 years old, and I am aspiring to be financially independent! I graduated from a Maritime Academy with a 3rd Mate’s License and I am now working for a shipping company. To make a long story short, I am able to pay off all my student loans ($30,000) in about 4 months. I was wondering if I would be better off paying off my student loan as soon as I can... or pay the monthly payments on them and instead use the saved money to conduct my first BRRRR method. Let me know what you think and why! Thanks!