All Forum Posts by: Solomon Morris

Potential rehab costs outweighing sticker prices. Crazy to think about

Welcome @Amanda Brickell! Let's get to it!

@Joseph Beilke I've seen your story on a few posts now! Let us (me) know when you are considering selling boss!  Stay cool

Spend the money to get an inspection. you'll find a lot of inspectors understand how to respectfully navigate a home that's currently being occupied. Recommend alerting the tenants in case they have pets or furniture blocking access to capex items or access to areas of the home.

@Felix Rodriguez I started this exact same way. bought a house and told my military buddies to move in with me.  Win-win for everyone!  My only regret is not starting sooner.  Best of luck to you

A few hundred dollars for awareness might worth the peace of mind in the long run. Whether access is granted by a drone or a really big ladder, you might be able to negotiate some form of concessions in today's market if you actually find something up there. 

@Chris Seveney That program at Georgetown came up in my search!  Funny enough, it is also the most expensive program I saw outside of a few other ivy league offerings.  I do have the GPA to make admissions, but my TA wouldn't cover the entirety of the program.  Right now, I am leaning toward a possible MBA at Troy University but weighing the cost/advantages of completing a program at more expensive schools such as Georgetown is probably something to consider! Thank you so much for your feedback.  I think I'll dive into the faculty at some of these institutions as well to make a more informed decision.  

@Joel Allen @Heath Thomas Jr appreciate your responses.  I'm really leaning forward with a master's program but may look to pursue a study that will incorporate broader spectrum like @Joel Allen has decided with his MBA.  

@Taylor L. that is what I've come to since posting this. I feel like if the program is solid and offers plenty of collaborative opportunities, obtaining a great network would be a win. I'm highly considering schools close to where I plan to retire after military service in the DC, MD, VA area.

Much of my portfolio is in Baltimore.  naturally I'm looking at john hopkins, university of maryland and other institutions in vicinity of my portfolio.

All,

I am currently still active-duty Army with approximately 6 years left till I'm eligible to retire.  I just finished my undergrad and considering a master's in real estate while still utilizing tuition assistance to cover much (or close to all depending on the school) of the associated costs. Some of the specific offerings I've seen are: Master's in real estate, Master's of Real Estate Development, MS in International Real Estate, MS in Real Estate Management, MJ in Real Estate Law and MBA in Real Estate.

I understand higher institutional learning is unnecessary to make it in RE.  I've purchased the properties I do have with a high school diploma and money saved during deployments. I am curious if anyone has any positive feedback that RE focused higher learning has provided with their career or investing. Any feedback on the offerings listed above?  

I see myself pivoting away from my military discipline to be active in RE via sales, development, management, acquisitions etc.  Anything not involving jumping out of a plane with a ruck between my legs! I clawed and scratched my way through my undergrad and ultimately, I'm curious if it'll even be worth the time to push it any further.  

Thank you for your time

Respectfully,

Solomon