Getting through the initital hump...

[Ryan Bratcher]

I have $65,000 in equity in a house I bought in 2008. I have great credit but because I file 1099,  am off in debt-income. I am frustrated by not being able to tap into that equity and spread it among several other, new investment properties. I have been trying to push through the initial hump for quite some time and kept being told to be patient. I'm tired of being patient and am ready to make some moves. Any thoughts or suggestions would be greatly appreciated.

Ryan

[Neil Goradia]

What is preventing you from buying more? Is it that you can't find deals or other factors?

I spent a year learning about investing at my local real estate investment association and got so frustrated after a while that I wasn't doing any deals. Eventually I bought something even though it was a bit over my price range. I learned A LOT from that first property - lots of problems and I didn't know what I was doing. I guess I don't have a concrete answer to your question but understand the frustration. At some point you gotta make the leap. Try to do it with a partner to reduce risk if things don't go according to plan.