How much capital will I need to launch myself?
I believe that is a very important albeit difficult question for myself or anyone who has done any time in the Federal System to answer. Since the political instability and the amount of inflation that has occured since 2011, I would have to be out at least 6 months to even get a grasp of the average costs of living in Central Florida {where I want to release to}. My first answer would have been an even 50,000 dollars. But if you factor in other events that could happen and the cost of doing any real estate business, I would say it would be closer to 80 to 90k. The economy is one thing that I would love to study and learn more about. The only education that I have on paper is generalized nursing skills and dental/ orthodontic treatments. I am saddened to think I won’t be able to work in the Dental field when I get released. My felony convictions hold me back from so many professions that I could greatly contribute to. My first career that I truly loved was health care and taking care of patients. My next option would be returning to my short-lived career in real estate. Real estate is interesting and can be highly profitable but you do need a large down payment to buy homes especially with my credit score. Lets say my first purchase is a 96k townhouse in Sanford Florida. I would need 20% for a downpayment, that would roughly be about 19,200. Then if you factor into that the closing costs and the realtors fees, that would be another 2500 dollars. In conclusion, I would need at least 30k out the gate and then another 30k to 50k to get my business off the ground. That means I have to work extremely diligently at FCI Tallahassee at Unicor in order to save the capital to begin the life I want when I get out.
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