All Forum Posts by: Account Closed

I'm going to give a dissenting opinion. I loved school and was always a straight-A student. It came very natural to me so I'm alllllll about education. HOWEVER! I give a vote for REI investing right now and using the money for a house down-payment.

I have a Bachelor's in Social Science & Law, my MBA in Finance & Marketing Management. A pre-med certificate majoring in physics.... And I'm currently in med school to become an Orthopedic Surgeon with a fellowship in Sports Medicine.

IF I had found REI sooner, I NEVER WOULD HAVE GONE TO MED SCHOOL or gone after that pre-professional degree in physics. I received scholarships to cover a large part of undergrad/grad school, however remaining student loans are still insane and med school loans #$%^&*( driving me nuts even worse. Grad or professional degrees are an exorbitant amount of money for what I see as little return at this point. If you're planning on working for someone ELSE the rest of your life, then yes, perhaps to move up the company ladder you'll need a grad degree.

I'm making a career change to real estate this coming fall. There is zero reason to incur more financial debt in the form of student loans when I am/and you are already thinking about a future in real estate. You already have a degree. A biochemistry degree (and as a woman) should present plenty of opportunities for a well-paying job while you begin to build your real estate portfolio. A month is not a terribly long time to job search. I'll bet you'll find something great :)

I have several degrees. I wish I would have stopped much sooner! It feels so much better cashing a $50,000 check when selling a property than paying that $50,000 in tuition!

You really need to ask yourself, where do you see yourself in 5-10 years? 15-20 years? If your future is with your degree and you just want REI to supplement your income or offer extra cash for whatever your needs, then I say go and get your grad degree right away. As some have already touched on, it is easier to get your degree while you're on the school track (versus going back after taking time off). Especially if you've already been accepted and have potential scholarships and grants. BUT if you see yourself just doing REI for your future then why are you bothering with a degree? As Shannon talked about; degrees are expensive, and loan rates are astronomical (especially compared to investment loans), so why burden yourself just for more education that you will not use? Some of the business aspects might be nice, but they will be completely unrelated to your REI for the most part. Basic business is easy enough to learn and there are plenty of available resources. Good luck on your journey!

YEAP, prioritize education.  HOWEVER,  a biochem degree will put you into some dark basement lab in the corporate world which will demand all of you.  Hopefully you have a passion for the work, and not everyone has that privilege/luxury.

@Account Closed go to grad school. Get your income up, things will become much easier for you. Real Estate will always be there. For most people as time goes on it's much more difficult to go back for a graduate degree. If that means putting real estate investment off for 1-3 years it's really ok. Plus there's nothing stopping you from investing in real estate while you are going to school. You can continue to educate yourself in real estate and look for investment opportunities.