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Updated over 3 years ago,
Obstacles Just Make Me More Hungry To Do This!
21 days into this adventure of long distance real estate investing. Thus far I have decided on a location and created my entire team. I've spent every minute outside of work and home learning, practicing, and analyzing properties for the best deals. I really do see a difference already in how I see a house when I analyze one.
My mightiest challenge that could've completely wiped me out but hasn't is my financing situation. I, gratefully, live in a home that is part of an affordable housing covenant between my the city of Santa Barbara nd my employer. My purchase agreement states I am not permitted to purchase any other properties AND unable to join any partnerships/LLC'S! I was initially very upset about this but didn't let it stop me from looking for solutions. I found out I could write a letter to the city requesting they allow me to purchase investment property as a "need or good cause". Whipped that up in about an hour and an anxiously waiting for the results. I have no cash and very little liquid assets yet I have found 2 houses I want to make offers on right now! Here's to hoping there still around in a week or 2 when I hear about the letter 🤞
Thank you rookie podcast for inspiring me to keep pushing past these challenges. Hoping my story can help inspire someone else to keep pushing forward too 🙏