Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 2 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

28,057
Posts
41,056
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,056
Votes |
28,057
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
165 Reviews

Loading replies...