All Forum Posts by: Betty Cruz

Tyler Mutch - I think what they are trying to tell you is that "they scratch your back, you scratch theirs." Partner with a Realtor who will help you with the expired listings and you let him/her be the listing agent after you renovate or hold it.

Thank you @John Leavelle . I will plan to attend this discussion group you mentioned. Any idea how I find out where it is?

Thank you @John Leavelle. I see you are in my area. Have you been able to find properties with that kind of cash flow? I continue to search. I have attended one of the meetings Rick Pozos (so?) organizes. No meet ups yet but I will investigate. 

@Tim Jones Than you Tim! That is actually one thing I am doing already. It sure feels good to know I am actually already doing something that before I knew nothing about. Thank you for the affirmation. Additionally I am in the process of preapproval for a loan with my bank but they tell me they only give 15 year max loans on rentals. Is this typical? Where should i go for a 30 year loan?

@Jordan Moorhead That's exactly what I want to do. I just don't know how to do it. I've been a saver all my life and now feel like I am poised to strike. Just don't know where or how - haha!

Thank you so much @Amy A. I really appreciate the encouragement and book suggestion. I'm understanding that your goals, as so many of those who have responded, are large scale. My initial ideas and goals were just to invest my savings wisely. This has made me contemplate the bigger picture. Still, I envision me starting very small to see if this is my cup of tea. What I have gleaned from the comments has been very insightful. I'm loving the discussions. 

Thank you so much @Amy A. I really appreciate the encouragement and book suggestion. I'm understanding that your goals, as so many of those who have responded, are large scale. My initial ideas and goals were just to invest my savings wisely. This has made me contemplate the bigger picture. Still, I envision me starting very small to see if this is my cup of tea. What I have gleaned from the comments has been very insightful. 

@Ryan Cameron @Ben Zimmerman @Mike Dymski - y'all have helped me understand what you mean about how debt works for you. I get it now. And I agree with how Ryan put it that understanding it logically still may not make it the right avenue for me and my goals. You've given me great ways to think about this and I thank you for your input. 

thank you @Mike Dymski I'm trying to wrap my mind around how debt is good. I have always done my best to stay away from it so the concept of it takes some time for me. I had always planned on selling my house, buying something smaller for cash and then putting the rest toward retirement.  Let me ask you this...if you were in my shoes, a clean slate of any real estate other than your 2/3 paid for home and knowing all the details I outlined but also knowing all the nuances of real estate, what would you do?

Anyone who reads this...feel free to reply. 

@Wendell De Guzman. That seems scary to me...I have no idea how to start looking into something like that. I do like the idea though. I can't house hack yet as I have my last child still living at home but I could use your idea to buy the 4 unit and get started until I am ready to move in. Then I could use the cash after selling to make my next move. I have rented my current house - did it this summer while I traveled - made tons of money. I think the AirBnB/HomeAway was what started me thinking more about real estate... 

@Brian - I did speak with Dmitriy two days ago! He is very knowledgeable. I was working with him in terms of setting me up with a solo 401K but it didn't make sense for me because of lack of self employment. I don't understand how he could help me. Are you suggesting he would help me set up the vehicle to be a lender? I have no idea how that works. As you can see, I've been a good saver but don't know much about money other than saving and investing in mutual funds.