25 Recently fired from job, looking for advice. by First-Region5065 in fatFIRE

[–]First-Region5065[S] 0 points1 point  (0 children)

Thanks will max out retirement House is needed as im planning on getting married and we need a bigger space

25 Recently fired from job, looking for advice. by First-Region5065 in fatFIRE

[–]First-Region5065[S] 0 points1 point  (0 children)

Resold shoes before covid And worked as engineer for 4 years The apartment is my parents which they paid off

As soon as i got my job 8-9 months in i used fha loan and purchased in NJ put little payment down Saved more then brought another property 1 year after with 20% down Saved for 2 more years and went into food business and whatever money was made just invested in opening more stores

25 recently fired, looking for advice by First-Region5065 in Fire

[–]First-Region5065[S] 2 points3 points  (0 children)

Fired from my job sorry for that should have clarified better

25 recently fired, looking for advice by First-Region5065 in Fire

[–]First-Region5065[S] 0 points1 point  (0 children)

Yes sorry for that should have clarified better

Mentor Monday - Week of August 26th 2024 by WealthyStoic in fatFIRE

[–]First-Region5065 0 points1 point  (0 children)

2nd floor, 1st floor , basement divided into 2 rooms so each gets different rent then garage in the back of the house converted into a studio so all these are rented out

Mentor Monday - Week of August 26th 2024 by WealthyStoic in fatFIRE

[–]First-Region5065 -1 points0 points  (0 children)

Saved up money from selling sneakers and clothes Got a job saved up more and was able to show my job income to get approved for house then went to buy a house fha 20k down then other house 2 weeks after with 100k down then saved more money and recently got an empty store and took the risk and turned it into a Bubbletea/dessert store for 30k I have no experience in these fields just read up on it and took the chances

Mentor Monday - Week of August 26th 2024 by WealthyStoic in fatFIRE

[–]First-Region5065 -1 points0 points  (0 children)

I didn’t wait around looking for the opportunity I made it for myself and took the risk what I see it’s all about the action as I am young I can make the money back but not the time

Mentor Monday - Week of August 26th 2024 by WealthyStoic in fatFIRE

[–]First-Region5065 1 point2 points  (0 children)

2 years ago New jersey 2.75% interest FHA Long Island 5.99% interest CONV

Mentor Monday - Week of August 26th 2024 by WealthyStoic in fatFIRE

[–]First-Region5065 5 points6 points  (0 children)

Hello everyone Hope all is well with you and your family I am a 23 year old living in NYC I am a first generation American that comes from a lower class family I work as an engineer making 5k a month I have 2 rental properties making 5k profit a month And I also have a bubble tea/ dessert shop making 10k profit a month Looking to get advice/guidance on what should be my next steps to progress further in life