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Updated over 9 years ago on . Most recent reply
New Member from Berks County, PA
Hi folks!
Karen Musselman here (and hubby Jim), from Mohrsville, PA (Berks County).
Back in the 80s, I bought a (Dave Del Dotto) real estate investment course. My brother and I were trying to get into real estate investing; unfortunately, we could never get a handle on it. We always ran into roadblocks with our credit and lack of sufficient employment history.
A couple of decades have passed now and he and I, plus my husband, have tossed the idea around seriously, but none of us has enough financial stability to launch anything.
My husband and I are both on permanent disability; we almost lost our house a few years ago during the whole Countrywide/Bank of America debacle. It took us four years and an attorney to finally get a pretty decent home loan modification through Green Tree (another lender failure as they just got sued for about $63M).
Green Tree is selling our mortgage now, so who knows who we'll have next. That whole ordeal cost us what might have been at least "okay" credit.
My brother just went through a divorce and he got left holding the bag on their mortgage. He refinanced and lowered his payments, but without the ex's income, it's left him pretty strapped.
A few years ago we met with our realtor who got us into our house, but she wasn't very optimistic about the whole investment thing. We met with another realtor who was interested in investing and even went to check out a few properties, but that never went anywhere either.
None of us has given up on real estate investing, but we're not even sure where to start anymore because so many things have changed over the years.
I was just on YouTube today to see what's been going on in the RE investment sector and found the BiggerPockets podcasts. So I decided to join you all here!
My goals for investing haven't changed in three decades, except that I'm older now (almost 57) and my kids are grown, married and have kids of their own.
And that's it I guess!