Starting Out
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,
Ideas for Boosting Income in Challenging Circumstances
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!