Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 8 months ago,

User Stats

14
Posts
4
Votes

Ideas for Boosting Income in Challenging Circumstances

Posted

Hey everyone,

I'm facing a bit of a challenge and could really use some advice. I'm determined to increase my income so I can invest in multifamily real estate, but I'm hitting roadblocks due to various limitations.

First off, I'm the primary caregiver for my father, and his ongoing medical expenses are a significant financial responsibility. On top of that, I don't have a car, which limits my work options to roles that allow me to finish by 4 pm. To make matters more challenging, my area has a low wage standard, making it tough to find opportunities that pay more than $10 an hour. Currently, I'm only offered 27 hours of work per week at an average/below-average pay rate, which isn't nearly enough to save for a down payment or qualify for a loan.

I've tried selling belongings to generate extra income, but it's not sustainable in the long run. I'm wondering if anyone has any ideas for passive income or other income-generating opportunities that could work in my situation. I'm open to any suggestions or advice you might have.

Thanks in advance for your help!

Loading replies...