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Updated over 5 years ago,
New to the forum and looking forward to guidance.
Hello, my name is Gheriane (Jerry-Anne) and I’m officially starting the take action part of this real estate journey. I’ve spent over 4 thousand dollars in financial and real estate education (great classes) but this is the only one where i don’t feel intimidated and don’t hear that i have to pay for the next package to get an answer or clarification.
Anyway, my family owns 2 rentals out right in Florida that are cash flowing below market rent since they’ve been there for 13 years and have never called for ANyThInG except credit on rent for buying a new stove (5 months ago $350) , and replacing HVAC ( 2 years ago ($2k). After listening to BP on YouTube I’ve sat my parents down and told them we need to put all this equity to use ( 3 paid off homes with about 800k in equity with properties in FL and GA)
We are currently selling one and I believe I found the best strategy given our current situation (1031 or lease-option /seller finance ...leaning o. Lease option to keep equity and put it to work).
My biggest struggle is funding, and not knowing enough investors I can turn to, especially those who have the same passion as me. I’d love to have rentals and do a rent to own program for teachers, nurses, police officers, veterans and storing adults with a good job just poor credit from old mistakes.
If you still remember being scared of this process, and struggling with finding funding, a niche market, and just wishing you had more like minded people around you please reach out. I live in Suwanee, GA, and would like to do BRRRR method in Lawrenceville, Duluth, Norcross or middle south GA where school systems and hospitals are strong.
Lastly, I hope to create a team that will help me create valuable content in Haitian Kreyòl for my community and help them get out of debt, and own a few rentals. Putting it all out into the universe.