I’m about to be homeless. I Don’t know what to do.

[Robert D Wade III]

Hello, I hate posting this here but I am out of options. And I know in real estate that’s never fully true. I discovered BP in the process of doing research for my RE license course and I have got to say the community here is incredible. I’ve honestly become addicted to the point that the BP podcast has almost replaced my smoking habit I’m on ep.237 at the moment in a little over a month and It’s opened my eyes to another world that I am excited to explore. The reason I am posting here is because I am dealing with the landlords from hell. I hate to talk ill of them but at the same time I am sitting in a house with no heat in northern Wisconsin as well as them come if and going as they pleased. When I confronted them about these issues I wouldn’t let it go and I was told to be out on the 20th and the doors would be locked when I got home from work. And I know that it’s not legal but I also don’t have a lease with them it was a dumb move but I hadn’t discovered BP yet and took them at their word that the issues would be fixed by the time it got cold. In my area all the places I know are rented. I’ve been able to negotiate a price on a mobile home that’s not ideal but there is potential for improvements and a flip but I am to young to get a loan and I just moved to the area so my employment history is short. I’ve called every person in my life that I could think of to co-sign but most of them are running from one creditor or another. Typically I wouldn’t care I lived in my car for the first 7 months of the year and I don’t have a problem doing it again until an apartment came along. Unfortunately little sister is a minor and lives with me she also has no were to go. Our dad lives in a home with no heat/electricity and I just want to be done with this kind of life and pull my self out of the squalor that our parents taught us. Please if you’ve made it this far, what am I missing I know through creativity anything can be possible but right now I don’t know what to do to make it happen. I have everything I need for a loan I have a $2000 deposit on an $8500 purchase price. I bring in a decent income for the area time is just not on my side I’m afraid. Thank you odds are no one is reading this but at least got a chance to vent and get it all laid out in writing.

[JD Martin]

Originally posted by @Robert D Wade III:

Hello, I hate posting this here but I am out of options. And I know in real estate that’s never fully true. I discovered BP in the process of doing research for my RE license course and I have got to say the community here is incredible. I’ve honestly become addicted to the point that the BP podcast has almost replaced my smoking habit I’m on ep.237 at the moment in a little over a month and It’s opened my eyes to another world that I am excited to explore. The reason I am posting here is because I am dealing with the landlords from hell. I hate to talk ill of them but at the same time I am sitting in a house with no heat in northern Wisconsin as well as them come if and going as they pleased. When I confronted them about these issues I wouldn’t let it go and I was told to be out on the 20th and the doors would be locked when I got home from work. And I know that it’s not legal but I also don’t have a lease with them it was a dumb move but I hadn’t discovered BP yet and took them at their word that the issues would be fixed by the time it got cold. In my area all the places I know are rented. I’ve been able to negotiate a price on a mobile home that’s not ideal but there is potential for improvements and a flip but I am to young to get a loan and I just moved to the area so my employment history is short. I’ve called every person in my life that I could think of to co-sign but most of them are running from one creditor or another. Typically I wouldn’t care I lived in my car for the first 7 months of the year and I don’t have a problem doing it again until an apartment came along. Unfortunately little sister is a minor and lives with me she also has no were to go. Our dad lives in a home with no heat/electricity and I just want to be done with this kind of life and pull my self out of the squalor that our parents taught us. Please if you’ve made it this far, what am I missing I know through creativity anything can be possible but right now I don’t know what to do to make it happen. I have everything I need for a loan I have a $2000 deposit on an $8500 purchase price. I bring in a decent income for the area time is just not on my side I’m afraid. Thank you odds are no one is reading this but at least got a chance to vent and get it all laid out in writing.

 Odds are a lot of people are reading this/about to read it. Thoughts in no particular order:

1. Quit smoking. Not only will you be saving your own life, you'll be adding a lot of money to your RE purchasing portfolio. 

2. If you are on Episode 237 you will soon be at my episode (I think I'm 243). So you'll hear some of this stuff there.

3. Considering you have a minor to look after, your #1 goal right now has to be to not be on the streets in the winter in Wisconsin. That might mean moving to one of those weekly motel type places. If you can afford rent you can probably afford one of those. You can cook on a hot plate or in a microwave. Not ideal but you can make this work.

4. I grew up just like you're describing. First 10 years I grew up in an apartment in a ghetto. Next 5 years in the middle of nowhere with no telephone, long stretches of no electricity, no hot water. Lived in a house one time with so many leaks in the roof all the furniture was pushed against one wall and the bottom of my bed stayed wet. From there was homeless for 4 months in a tent, which was an improvement over the colander-roof house. My SS statement goes back to when I was 12. I went from there to where I am now. It took a while and it was a hard road, but it looked something like this:

Work+graduate HS>military service>work+go to college>get better jobs>save money>buy real estate>about to retire early. Obviously with some detours in there. 

5. What do you do in Northern Wisconsin that couldn't be done somewhere else? I've been to that area and there's nothing there. It's pretty to look at it but it wouldn't be called an economic powerhouse.