New nervous and discouraged

[Metta Marie]

So hello I’m Metta I’m 37. I have BBA. I also spent almost 7 years in prison for defending myself. I hope you don’t judge me. I’m here for financial advice. I’m a law abiding citizen. Only been home since last January. My fiancée and I are buying a home for ourselves only her name for the FHA loan because I do not have a two year work history. My goal has been to buy multi family properties. I’m discouraged on how I can get my first one as far as financing goes.... I have a great credit score but no money right now because it’s hard to get a job with a felony. Even if you were defending yourself and it’s over ten years old. Very discouraging. I felt like I needed a real job to get the money to finance my real goals. My first duplex. So I can build my empire and be financially independent. Starting from scratch at 37 is hard. Now idk what to do I def want to do the real estate thing but I don’t have the income history or the money at the moment to close. What do I do? I want to support my family and be comfortable and happy. Thanks

[Kyle Schlosser]

Worth considering a duplex or a triplex for a first home for you and your fiancé? You & fiancé could live in one unit and rent the other one or two. The rental income would help offset the mortgage cost and even more importantly, would give you both the experience of owning and managing a rental. Would have to be an easier entrance into the role vs buying one on its own...from there, you could work to find partners now that you’ve established that your first rental is going well.