I walked away from a successul 20-year career as an HR Director in Silicon Valley to do this full fime and I have nearly replaced my corporate income.

If you are changing careers and your income will go down significantly (you said change, I implied decreasing), why not keep the money as a back up/emergency fund in case you need it?

Hi everyone, I am a year out of college and eager to get more involved in the real estate industry. I have been working with a platform management company for about a year now and want to expand my horizons and learn ...

I actually used the FTHB tax credit in 2009 ($8k tax credit at the time) which kick-started my real estate career.

I have done this type of work majority of my career in both short-term and long-term supportive living environments and have often joked about how I am the "therapist landlord".

Scenario 1:Rate: 9.375%Monthly Payment: $1,185.31Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down: $0Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $10,526.54 (30% down + closing costs)Total Cash to Close: $58,526.54Scenario 2:Rate: 8.875%Monthly Payment: $1,144.87Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (1%): $1,120Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $11,646.54 (30% down + closing costs)Total Cash to Close: $59,646.54Scenario 3:Rate: 8.625%Monthly Payment: $1,124.87Closing Cost: $12,206.54Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (1.5%): $1,680Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $12,206.54 (30% down + closing costs)Total Cash to Close: $60,206.54Scenario 4:Rate: 8.375%Monthly Payment: $1,105.03Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (2%): $2,240Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $12,768.53 (30% down + closing costs)Total Cash to Close: $60,768.53Which of these options do you think is most suitable, given that I plan to pay off the loan sooner rather than later?

Instead I would look into shadowing different careers in real estate.

I have another career but I am currently grounded and cannot fly.

That will give me peace of mind, especially since I am self-managing with a demanding primary career that is not in RE.

I began my career with rental properties in CT, and the eviction process can be brutal.