Newbie RE Investor in Milwaukee NEEDS help FAST!!

[Renae Bliss]

I need your help-my kids & I are in a slight situation.

My family, pets (of various kinds), and I currently live in a not-so-good neighborhood on the north side of Milwaukee. We just moved into a 5BR SFH in a dangerous neighborhood 4/1/09 after finding out the house we moved into 9/1/08 was abandoned by its owner, under foreclosure, and the city was going to be boarding it up in 5 days. It was recently found that our home has SERIOUS lead in it, and County will not pay the rent payments until it is fixed; but landlord won't fix it! Because it has taken so long for the inspections to PASS, we have fallen behind in rent also. So we're being threatened with a 5-day notice. It's a big mess --> regardless, we have to move SOON; only having NO MONEY AT ALL is stopping me.

Money is nill for us right now, so we're hoping for a blessing! I barely have the gas to get my kids to school tomorrow. I have put in 5 offers since Wednesday, trying to get a house deal to go through; only to have all 5 go down in flames. I'm not giving up, but this situation is a little more serious for me right now.

We receive County Rent Assistance, own an American Staffordshire Terrier, cats, and a reptile. We're a quiet, Christian family-so you wouldn't be dealing with loud parties & damage.

We'd like to find a 3-4BR place (perferrably SFH) to rent OR Rent-to-Own in a nice, family-friendly neighborhood; one that is structurally safe, spacious, and clean. An area where my children can play outside without worrying about getting hurt, and one where we can have our dog outside without worrying about her getting stolen or shot at.

Please send us information, photos, as well as ones you have NOW so that we can look. We'd be moving in on or before July 1st.

Can you or anyone you know help us?

Renae Bliss
Aspiring Investor w/ kids in trouble :cry:

[Guy Johnson]

I hate to sound like a heartless bastard here, but seriously Renae, I think you should hang your real estate investing dream up, at least temporarily.

Let's look at the facts, you have been on here for over a year constantly looking for deals that require no money what so ever and want hard money that will cost you nothing, all the while coming up short. Meanwhile, you could be working a job, like Mike has suggested, earning money to improve your life and your family's life. Instead, you masquerade around this site like a real estate investor (and presumably all day in real life) instead of improving your situation. You obviously aren't making any money right now for your family, which isn't so sad if it were just you, but you have kids that need your support.

You just moved into this place five months ago, why didn't the Milwaukee County nix this house due to the lead during their inspection when you moved in? Something doesn't add up here. If you were such a Christian like you claim, you would be working and earning a living for you and your kids. Also, not every place on Milwaukee’s north side is a bad and dangerous neighborhood.

But regardless, you make your own destiny. You can continue to look for more handouts by sitting on investment forums all day or trying to tie up properties unsuccessfully. Or you can get out and find a job, any job, save up for a security deposit on a better place (hell, Milwaukee County R/A basically pays for your entire place so you have to worry about very little rent, if at all), give your kids a better life and cut down on your stress levels. And if you have so many of these deals coming across your desk everyday (like you've claimed in a different post) how come I haven't seen any of them anywhere (I constantly surf Craigslist, MLS, Backpage, etc for deals). Send some of them my way (and to other investors) as wholesale deals, make a little (better than nothing) and maybe your dreams of real estate investing may not turn out to be such a bust after all

I know I don’t know your entire situation, but it’s pretty clear by the picture you’ve painted for us over the past year that abandoning your real estate investing dream is really what is the best thing for you right now. Good luck with whatever you decide.