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Updated about 4 years ago on . Most recent reply
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What the “BLEEP”??!!
My scenario... need help getting me off the freakin tea cup ride and onto the race track.
Facts;
Retired and married to a self made millionaire with assets only in his name. That’s fine... he worked his *** off!
I own two sfr in Northern California.
One is co-signed by my father 🥴 (I’m 56)
Other is co-signed with my husband. (😖😖)
neither of them are keen to adding more properties in their names
I can’t qualify by my self and I want to invest in more properties or even flips to increase lumps of cash to start buying on MY OWN! It’s killing me.
I have approx 150000 equity in each property. I can’t even qualify for a refi!
Should I get a job that sucks to have a w-2?
What’s my plan B?? Ideas? Please help I’m getting dizzy and frustrated!!! Open to many ideas. I just want to get going!
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- Lender
- Lake Oswego OR Summerlin, NV
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Originally posted by @Taylor L.:
Why not sell and look in other areas? Or partner with someone else? $300k (granted you'll likely pay tax on at least some of that) is enough to get you a good few units in many markets outside of California. California's job market stinks right now, if the W2 strategy isn't for you then why not build a business of some kind? Get into wholesaling. Or go work for a successful investor for free for a while.
or get a real estate license and get PAID to learn how to do real estate not sure why anyone would work for free in the wholesaling space.. waste of time.
further since your hubby is a self made millionare then I suspect like others said your social circle will be well off folks who own expensive homes.. you become a realtor and start listing their homes.. and selling them homes.. much better shelf life .. wholesaling is very intensive and hard to do..
you get on a top producer team and you will make money while you learn.. Plus you meet all sorts of real players. not just investors who only look at you as someone to bring them a deall .. chew you up and spit you out..
- Jay Hinrichs
- Podcast Guest on Show #222
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