Frustrated and looking for options

[Rohme Williams]

Hello everyone.

I am starting to get frustrated with the people in my surrounding circles.

I have been trying to pull the trigger on 3 condos that I have run the numbers on for a number of buying scenarios and all are profitable.

I have heard time and time again, "if you don't have the money ask the people/family around you", which I have. But none of them understand my language. They tell me things like "my brain doesn't work like yours", or "I'm confused".

It's not that it's confusing, it's the fact that they don't understand real estate and the details of the numbers. I try to explain but I get blank stares.

I'm frustrated because I don't know where to turn to when it comes to pulling the trigger on deals I find.

I have over $175k in equity in my house that I bought with my girlfriend, however, I can't pull any of it out because my DTI is maxed, she's scared to do anything, and covid sapped me from a good paying job that is no longer there. I have recently found another good paying job but I need to be with that job for awhile for the bank to recognize longevity.

Any guidance would be much appreciated. I have deals I just can't pull the trigger.

Thanks for listening.

Cheers

[Brad Hammond]

Hey @Rohme Williams, the confused investor (or person) will always say no.  Make sure you are explaining the process to them as you explain it to a small child.  Make it as simple as you can for them.  You can tell them you will give them XX% interest on their money or $XX back in 5 years, depending on your investing model.  If they are interested and want to hear more, then you can tell them a brief overview of how you are going to do that.  Don't pull out the spreadsheets and graphs yet though.  Keep it simple stupid!

Or you can find some experienced investors who don't need hand holding.