All Forum Posts by: Jordan Joachim

I gave it some thought before when I was considering doubling in philosophy as well. I think it's about two more semesters. Thankfully, I am scholarshiped and don't have to worry about at least the 1st major. I guess I could also just minor in business. I do well if I put my mind to it, but math is not my strong point. For that reason, finance scares me. Would management or marketing be more up my alley?

Thanks William, I appreciate the reply and encouragement. My school isn't offering organizational but they do have finance, human resource, international, management, and marketing. Can I ask if you hold a degree and if so why you choose that specific one?

Hi, I've recently fell in love with real estate investing and have been studying diligently for my first move. Before I decided to get into this I decided to make a career in the field of psychology and I'm glad it was in that order because it is something I still plan on doing. I fear it might not of happened had I found real estate investing first. Getting to the point...I'm currently receiving my BA in Psychology and was wondering if it would be worthwhile to also double major in the field of business. I know a degree is not needed to be successful when it comes to real estate, but would a degree in finance, management, or human resources compliment my goals of financial freedom as well? My school even offers a Masters in Real Estate. Does anyone hold any of these degrees or is willing to share on the value of them?

Hi all, this is my first post and am very grateful and excited to be a part of the community. I'm looking to purchase my first property fairly soon here and was hoping I could get some advice and ideas from the veterans...veteran being anyone who knows more than me, which is probably everyone at this point. lol But not for long! 

I've been preapproved to purchase a home with a FHA but am noticing the markert is currently limited to buyers using these loans. I've been working dilligently on my credit and plan on applying for either a convetional 97 or 0% down loan with USDA. My credit should be beyond ready for this move come next month. On top of that, I've also found two rising cities in my area that are offering purchase assistance to first time home buyers in their area. The only downfall to these programs is 1.) The home must be your primary residence for 15-20 years and 2.) You are not allowed to lease out the property. They do however only require 1% of a downpayment from you, cover the other 2%, and also supply up to $40,000 towards your mortgage. That $40,000 does not need to be paid back as long as you remain in the home for 20 years and do not lease it out. Can you see why this would be a problem for us? As long as no civil suits are placed against me however, I have no problem returning the $40,000 upon sale of the property as I would with any other lender. If I were to work with the city, I would find a roommate to pay my mortgage and then quickly sell or 1031 if possible in this scenario.

My question(s) to you is...which one of these 3 options do you believe to be the smartest first time investment and why? My mentor is also prediciting our market to crash fairly soon and believes I should wait on jumping the gun. Do you agree?