New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
New member from Mesa AZ
Hello everyone I joined up just two weeks ago I have been mostly reading and listening to the podcasts. My only REI is when we purchased my first home, I have a short term goal of making $2000 in passive income by end of 2018 (sooner if I can) so I can bring my husband home from work, with a long term goal of making $5k to $10k a month by the time I am 55 (6 years 2022) I am an disabled vet and have been unable to work for 3 years now have a case open with the VA to get disability but it has already been 28 months and counting. The only good thing is when I get approved I get back pay (99% sure of approval), so I will be able to pay down most of my credit cards which I maxed out in the past 3 years. When that is done I will have the debt to income ratio that I need to get a HOLC (our house is worth about $180k and we owe $103k assuming I can get 80% that will give me $41k to use for down payments) so that I can start investing. Or we might get a new house (hubby wants a new build) with a new VA loan and rent out this house but I'm not sure about the numbers yet I'm still learning the math. Plus I am trying to get my hubby on board he is totally against and afraid of us loosing everything with trying this REI thing. Any pointers I will gladly accept :) Thanks for reading!
Timothy