All Forum Posts by: Marcus Johnson

To be honest, if it were me I'd make sure I'd stay diversified, meaning keep your feet wet in the market due to the fact that over the long haul the S&P 500 has average around 11% before inflation and find a way to invest in Real Estate that doesn't create to much risk at first. It sounds like your interested in the latter, so I would suggest educating yourself thouroughly and then making the plunge on a property. You'd hate to jump blindly into the deep end and then find out you hate dealing with Real estate. Try a single family or duplex and go from there. It's ok to take it slow like the tortouise, because you do still want to be doing this 10 years from now instead of taking a deep hit in the Real Estate market because you weren't well organized. This is a great site for information and tools, look for as many resources as possible and practice doing math on your own. Good luck!

I'm a father and love my son and I personally wouldn't want him to grow up like that. I keep my financial investments seperate and make sure family comes first.

Don't do it, your in way to much debt and it's suicide. If one thing goes wrong in any deal your going to get burned. Concentrate on graduating and get that huge income to work on your debt. I have lot's of family members who are doctors and I've never heard of it taking 300k to become a doctor.

Why is 1% considered a good deal for Cash on cash return? That seems really low to almost nothing.

I'm sorry to say this, but you'd have to be crazy to be 300k in debt and are thinking about buying a house. That is unless your making 300k a year.

Are you a doctor or lawyer. The reason I ask is I hope your shovel is large enough to dig yourself out of the hole. Personally, I would be nervous with that amount of debt, I would address that issue before taking on more risk...

Try telling Colonel Sanders that. He started KFC in his 60's. :)

The sky is falling mentality isn't something I follow or much less believe. Back in 2008 when the market was crashing and the DOW was down to the 6000 level people by the billion of dollars were getting out the market based on fear and buying Gold driving up those prices. Now here we sit 2013 and the market has completely rebounded and for those who got out while things were crashing completely lost out on the rebound. Since 1929 there has always been 1 bull market for every 2 bear markets.

As for the housing market I strongly believe that prices are starting to get more inflated but from what I can tell in my Minneapolis suburb that the supply and demand is very high and people are feeling very confident about their jobs again, have lower debt and want to make a switch before interest rates go back up. I do think your right that the banks and the government didn't learn a thing from the housing crash. I know people who are underwater on their current residence, so they are renting it out and then are getting approved for 5% down on a new home. Talk about stupid. So yes, I do believe that Greed is back in the market stronger then ever, but IMO as long as you do your research on any property your buying and you know they area and your in a strong cash position with low debt that you should be just fine. I would strongly warn those who are hanging by a thread financially, and I meet many real estate investors while I'm out fixing up rentals that a lot of you don't have cash reserves and are heavily leveraged, that your the ones I worry about.

Oh I forgot the last part. Make sure you change all of your passwords for everything from bank logins to email logins, everything.

Actually Jeff , Firewall is part of the OS in both Mac and PC. For macs just go under System preferences/security and for PC's go under Start/control panel. I would download the programs I mentioned asap and run them at least once a week. Good luck!