Hello, guys! Hopefully Im able to articulate my current situation well enough to maybe get some advice.
I'm a nurse. Currently chasing covid around the country and making decent money doing so. I start Nurse Anesthesia school in January in Pittsburgh. The way the program is structured allows me to work the first year. But the second and third years are clinically based and dont allow time for making money.
As of right now I own a condo in North Carolina which is on the market and will hopefully be sold in the near future.
Between my condo and the work that I'm currently doing I hope to have between 130-150k saved prior to starting school. Tuition and all associated costs (not including life expenses over the 3 years of schooling) should be around 125k.
So I'm looking for some advice on how to approach the financial situation here.
My gut reaction was to buy a house in Pittsburgh and hope the market holds well enough to at least break even on it down the road. The complicating factors are obviously 1.) I'm not sure I'll be sticking around Pittsburgh after the 3 years of school and 2.) I dont know if the housing market will be steady enough to not lose a ton of money owning a home there for 3 years.
Another option is to rent a place in Pittsburgh, keep a nice portion of money on the side for life expenses, and invest the majority of my money into the market while taking out loans to pay my tuition.
Lastly, and probably the worst idea(?), is to pay as much of my schooling up front, rent a home in Pittsburgh, and try to escape school with as little in loans as possible.
I'll be set up to make a decent living after school (~200k/yr) so im trying to keep that in mind with my decision making as well.
Now that I've blabbed and hopefully covered my situation well enough I'd love to hear what your guys' opinions might be on the situation!
Thanks so much
Submitted August 24, 2020 at 09:51PM by falconsmanhole https://ift.tt/2FUJ6BD
