All Forum Posts by: Anna Ahhee

Anna,

You are on to something here, even if you don't realize exactly what it is.

One of the keys to real estate investing is having the vision to find solutions to problems and helping to create that solution.

I actually believe that you can help people in this area. It amazes me that our education system does not teach three of the most fundamental life skills necessary for stability and success:

1. How to manage your finances.

2. How to work hard and the value of hard work.

3. How to sell yourself and be opportunistic.

If you truly educate people with the right heart and you create the right system to do it, I believe you will find that many people are simply financially illiterate, and it is possible to help them, albeit difficult to affect an ingrained value system. You are fighting years of programming, but often times you may be the first person who has ever assisted them in understanding financial choices, and you can affect them.

If your education system is productive, you can perhaps produce a model for qualification standards that will be attractive and safe for investors to yield an attractive return on investment. The challenge for you is the creativity of the model and the efficacy of your system in creating qualifyable purchasers. Good luck with your vision.

Anna,

You are on to something here, even if you don't realize exactly what it is.

One of the keys to real estate investing is having the vision to find solutions to problems and helping to create that solution.

I actually believe that you can help people in this area. It amazes me that our education system does not teach three of the most fundamental life skills necessary for stability and success:

1. How to manage your finances.

2. How to work hard and the value of hard work.

3. How to sell yourself and be opportunistic.

If you truly educate people with the right heart and you create the right system to do it, I believe you will find that many people are simply financially illiterate, and it is possible to help them, albeit difficult to affect an ingrained value system. You are fighting years of programming, but often times you may be the first person who has ever assisted them in understanding financial choices, and you can affect them.

If your education system is productive, you can perhaps produce a model for qualification standards that will be attractive and safe for investors to yield an attractive return on investment. The challenge for you is the creativity of the model and the efficacy of your system in creating qualifyable purchasers. Good luck with your vision.

Maybe its just me, but when I hear a phrase like "OPEN MINDED INVESTORS" my first thought is that you really mean "suckers".

These are high risk deals. Someone on the investor side is going to want a high return so they can bear the cost of the failed deals.

I strongly disagree with "the American dream of home ownership". I strongly believe that is a crock of bologna foisted on the public by people who make money from selling houses. It is absolutely no different that car makers or stereo salesmen (think Judge Reinhold in "Ruthless People") who say "you should buy this, you deserve it." Owning a house is expensive. Houses are just expensive doo dads. Many folks are ill-prepared for those expenses. Someone with bad credit and $300 in their pocket has no business owning a house. Someone who sells a house to such a person is, frankly, scamming them. Given the new legislation, I think others agree with me.

@Anna Ahhee - It's admirable that you want to help people. I've often tried to envision my RE business as a means to help people in addition to a means to feed my family. The truth though, is that I have often been burned. Here's a real-life example that I'm going through right now. Several years ago I sold a house to a nice family using owner-financing. I used my cash and a bank loan to buy the house and then sold to them on owner-financing. After two years, instead of getting a bank loan and paying me off like they were supposed to do, they moved next door and started the o-f process with that investor. So, I sold my house again to a nice family using owner-financing. It was great for them because her mother lived near-by and she needed help being taken care of. After a year or two, my buyers got behind. I worked with them and worked with them because she was expecting a cash pay-out. They eventually got to be over $4000 behind. And I kept on waiting, and they eventually got the cash pay-out and got caught up. It was a nice feeling to know that I had helped someone. Now recently, this same family got behind again. I tried to work with them, cut their payments, developed a work-out plan, etc. And it became very obvious very quickly that they were not going to get back on track any time soon. So we had to evict. I talked with the guy and asked him to just please leave the place clean and in good shape. Well, they didn't. The house is full of crap that I will have to pay to haul to the dump. My property manager estimates $2500 for ME to get it fixed back up and ready to rent or sell. This is on top of the missed payments that they left me with. We all like to help people, but we often get burned.

Anna,

You are on to something here, even if you don't realize exactly what it is.

One of the keys to real estate investing is having the vision to find solutions to problems and helping to create that solution.

I actually believe that you can help people in this area. It amazes me that our education system does not teach three of the most fundamental life skills necessary for stability and success:

1. How to manage your finances.

2. How to work hard and the value of hard work.

3. How to sell yourself and be opportunistic.

If you truly educate people with the right heart and you create the right system to do it, I believe you will find that many people are simply financially illiterate, and it is possible to help them, albeit difficult to affect an ingrained value system. You are fighting years of programming, but often times you may be the first person who has ever assisted them in understanding financial choices, and you can affect them.

If your education system is productive, you can perhaps produce a model for qualification standards that will be attractive and safe for investors to yield an attractive return on investment. The challenge for you is the creativity of the model and the efficacy of your system in creating qualifyable purchasers. Good luck with your vision.

Yes, been opened minded more than you can imagine in those respects, the issue is that you're knocking on the door of seller financing to an owner occupant, not an area for the faint of heart, especially if the have credit issues. :)

I fully understand that as well, but isnt there way to create a partnership of some type with a cash investor to purchase properties and use them as lease options. Of course requirements are given, such as employment being longer of 5yrs or amount of steady monthly income., etc...
I have a large network of clients that actually work for different City Departments and can afford $1200-1500 a month but credit wise maybe in the high 500?
Either way I am determined to make something work out for people with these issues.