Got a lot of capital?

 

No. Looking to work for a firm to learn the industry better first, and maybe do something on my own down the road. I see a lot of analyst positions, etc. Just looking for an opinion from personal experience. I completely lost interest in my industry, so want to make a move into something more interesting.

 

Been thinking about doing the same thing. Also thinking about looking into a real estate investment firms. Dont know much about it, but ive seen some classes offered at the local JC that im thinking about enrolling in to see whats its about.

 

i've been researching a couple helicopter pilot schools and one offers a full career program for $57k.

;D

 

i've been researching a couple helicopter pilot schools and one offers a full career program for $57k.

;D

There's one here near Seattle that offers a commercial helicopter license fo ~$30K! 1/3 price!! ;D

 

Professional pilot programs will exit you at around 200 hours (high estimate.)

To get a decent paying job, you need 1,000 hours. Absolute 100% minimum.

How do pilots make up that extra time? Pay per hour? It's $450 an hour.

You'll have to IP for $20/hr to reach 1k, or plant telephone poles in AK if you're lucky.


Do your homework, PP programs are sneaky.

 

Thanks bro, PM sent.

 

right now, real estate dev is pretty low.

i have a cousin who moves around the country looking for properties in depressed areas.. he buys them up and then does minor refurb, then rents them out.. usually hangs on to them for 5-7 years, then does a major renovation and sells it. so far, working out pretty well for him, usually pulled 200-300%

the trick is to have enough capital to sink into these places and roll the costs so the rent covers the monthly and a little extra to cover the income tax from the rent. take depreciation on the rental until you can't, then flip it.

i knew a guy who did this with his brother, except they only rented. they would trade the properties every 7 years (after depreciated fully) and then restart the depreciation. they'd have to pay the transfer taxes, but that was small beans compared to the income.

 

There's one here near Seattle that offers a commercial helicopter license fo ~$30K! 1/3 price!! ;D

Jims Discount Helo School......its right next door to Master Kwans Discount Dojo.

 

I thought they were next door to Rex Kwan Do...

 

I started in this field about two years ago. I had some help. Many years ago my father gave me a lot that he bought for $4,000.00 in 1980. I held on to it until 2005. I asked my father if he wanted to build a house on the lot. House prices have more than doubled in the last 4 years in the D.C. area. We built the house and it sold for $700,000.00. We estimated the value of the lot to be $100,000.00 and my time invested to be about $20,000.00 so I walked with 120K. I turned that into an investment in the form of some rowhouses in Baltimore. Some of them as cheap as $40,000.00. I'm on my third house. This one will be a rental property. The house is paid for, so I will take my investment out of it and and turn the income into another rental.
Next thing that I would like to get in to is flipping homes. The risk is high and the return can be great. If I could make 10K a month then I could do it full time. I'm not sure about the risk level. I may look at old forclosures.

 

figured id throw in my 2 cents. family is in the biz of commercial and industrial real estate development. father started out buyin houses no money down back in the day and rentin/flippin em. now hes got a large portfolio of shopping centers, and buildings various buildings. syndication is where its at. problem is, now adays REITs and larger companies are kindof taking over the industry. getting harder to start out.