Advice needed in Houston

[Account Closed]

I recently attended the Lifestyles unlimited seminar (2 day seminar) here in Houston,Tx and soon realized that as a self-employed woman that does not show sufficient income that leverage is going to be very problematic. I was told that for someone like myself that has a decent amount to invest -150k- that the multi-family investment would be a great fit.  However, Their PIG level is $20k. Also I don't completely trust or understand their process. 

I am not opposed to purchasing SF but without leverage I would have only enough money to purchase one property. I have researched and am unable to find anything In a decent neighborhood below market price with 

good cashflow. I have  been looking in Sw houston, Pearland, Katy, richmond rosenburg etc

Any advice or suggestions, Please?

I would be open to a mentor/partnership etc.

Thanks in advance😄

[Dillard Stone]

Veronica,

I've been an LU member since September.  While I joined with the intent of learning how to manager my SF rental better and expand my SF holdings, I quickly realized that there were many more opportunities available.  So I swallowed the "that's a lot of money" fear, joined the PIG, and am focusing on multi-family passive investing for now.

So I'm not an expert on SF.  But without leverage, the returns can be really anemic -- our SF rental was inherited and has no debt, and we're netting somewhere between 1 and 2%.

Once some dominoes fall and we can rearrange our balance sheet, we'll have more money to invest, but, for now, we're in two deals at $50,000 each.  One we expect to return in excess of 100% within five years, the other 70% within three.  Those types of numbers, in my mind, more than justified the membership fee.  The typical buy-in minimum, from what I've been able to determine so far, is $50,000.  However, some leads do have lower minimums, and many will allow for lower amounts as they get closer to the amount they seek and they start looking to fill out their capital raise.

If you don't understand the process, you can re-attend the two-day as many times in the next year (or is it two?) as you like, in as many cities as you like.  Dave Fisher teaches it in Dallas and probably has a different approach than Del does in Houston.

One of PIG's prime benefits is the opportunity to meet and network with MF lead investors.  But you don't have to be a PIG to seek out leads and invest on your own.  While LU requires that all deals put together under its auspices contain only PIG members, there are plenty of leads and deals out there that aren't connected with LU, although meeting and vetting the leads is more difficult.

Whatever you choose, good luck.