Cleveland Ohio, A New Person

[Robert Mitchener]

My name is Robert Mitchener, and I've been looking into real estate for a few months off and on, and in too many places to be honest. I've contacted multiple traditional lenders for information, and requested funding from them for some ideas I've had, all with the result of learning more without getting anywhere. I have two goals in mind; One, to become more proficient at finding and financing real estate deals for investment property. While this means that I may need to simply get more money to start out and maybe change my strategy, I do want to start owning a property sooner rather than later, having it and myself pay it off over 10 or 20 years instead of waiting that long to save enough money for a traditional mortgage and then spend 10 or 20 years paying it off after that. Two, I want to eventually become a private money lender, and help people like myself with good ideas get their hands on the property quickly instead of waiting even if they aren't making or saving incredible amounts of money. I'd like to be able to finance deals like Divvy Homes where I would purchase the property outright, and the borrower would simply pay like a rent-to-own property until they've paid it off, just without the minimum $1,000 in payments every month.

Perhaps I am thinking above my means, and I simply need to save money, purchase an owner-occupied property, improve it, then rent it out once it is paid off. My first post I made here was looking for information on turnkey styled investment property ownership and how to get money to fund those. I think for now I will be looking a lot more than actively trying to find something that will work.