Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

1
Posts
3
Votes
Kenneth Young
3
Votes |
1
Posts

Looking for advice. Lost my home due to divorce. Starting over !!

Kenneth Young
Posted

Current situation... Fresh off a divorce. Have a pension I can't touch. 90k in a 403 b I can't touch. Have around 40k in my savings. 830 credit score. Make around 75k a year.   Don't own my home anymore due to divorce. Thinking of buying a 2 family to start over with. Live on one side rent other side out. Do this for 2+ years and then hopefully buy a single family home and keep the 2 family as a long term investment. Any advice?

Most Popular Reply

User Stats

28,168
Posts
41,266
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,266
Votes |
28,168
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied
Quote from @Kenneth Young:

Current situation... Fresh off a divorce. Have a pension I can't touch. 90k in a 403 b I can't touch. Have around 40k in my savings. 830 credit score. Make around 75k a year.   Don't own my home anymore due to divorce. Thinking of buying a 2 family to start over with. Live on one side rent other side out. Do this for 2+ years and then hopefully buy a single family home and keep the 2 family as a long term investment. Any advice?


If I were single again, I would sell all my crap and buy a nice fourplex. Live the apartment life and rent the other three out. Do it again as soon as the lender allows. Get at least two fourplexes that are cash flowing enough to pay for themselves and a single-family for myself.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
167 Reviews

Loading replies...