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Updated over 2 years ago on . Most recent reply
Looking for advice. Lost my home due to divorce. Starting over !!
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?
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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
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