A Punch to the Gut 👊

[Blake H.]

Just received news that I am not permitted by the city to purchase another property due to the affordable housing covenant im contracted under. Not the news I was hoping for and this will severely impact the financing I will be able to get to invest in real estate.. Demoralizing to say the least, but I knew this was a possibility and must move forward.

plan B, C, D, etc

B: Sell current house and get 70k to put towards the 300k student loan debt that has had me stuck in month to month living for the past 10 years. Find a new place to live with no cash available

C: Stay put, see what financing my wife can get and we invest in her name (She makes 30k/yr)

D: Form LLC with my investment group, using my wifes name because I'm also not permitted to be in a corporation, see what we can invest in.

E. Find a partner willing to team up with someone with skills and determination but no cash/financing

Other plans/thoughts?

Any pick me ups appreciated 🙂