Investor? No clue! Reaching out for like minded people 🫣🏘 🧐💡🙏🤑

[Francine Laroche]

Hi! I could type out 10 pages of my story but ill get to the point. I want to buy a multi family house. I know that for sure. With the advice and encouragement from a lifeling friend and now invester herself, i began listening to podcasts 5/6 hours a day wile cleaning houses. Retaining info is difficult and sometimes i listen to the same pods over. Ive identified with sooo many stories. I made the first step by calling a loan officer. That is in the air. Lots of hoops to jump thru. I dont know what i should do now. It was suggested to look around banks for a Heloc. I am not a numbers person at all but i am motivated, determined, and ready to make something happe. Again, lots of obstacles in the way. Should i be looking for a deal? Ive heard of the mls, off market, ? Honestly i dont know what to do. I need to be around or connect with like minded ppl. I have a very big family, middle class, younger generation entitled. I heard someone say in  podcast that he wanted to break that middle class cycle. So dont i! For my 4 children and 2 grandchildren. These are 4 adult children who could do so much more with their lives but know nothing better  Again, middle class   entitled, live the good life on others expenses (just 2 oft them) Always struggling. Im hopin to connect with more ppl whose goals i have heard match mine. Whos stories i identified with from bits and peices of info. 50yr old grandmother of 2 mother of 4. Born and raised in the same  house fir 50 yrs which i now live in. Just need some guidance. Although i have my friend, im lookin for more 👋🤜🤛💪🙌

[Kerry Baird]

I drive neighborhoods and look for properties that might work, particularly FSBO signs. I like to talk with the owners and see if there are any tired landlords who might want to be the bank for me.

What this looks like is I close at a lawyer or title company, get an inspection on the property (so I know what needs work and ask for a discount on the price), but I don't often get a bank mortgage.  Rather we set up a mortgage and pay the previous owner over time. 

Another thought for financing is the property you live in. Are you on title? You could possibly cash out refinance or get a HELOC and use those funds and your savings as a down payment and "emergency fund" for the next purchase. Your daughter may contribute her savings, and share ownership so she has skin in the game. Lots of ways you can do this.