All Forum Posts by: Brent Morse

@Matt R. I would never accept bitcoin as a payment only because of its volatility. You can invest in it if you want. I’ve made $800 from bitcoin this month alone but I wouldn’t accept it as a payment. It’s tech isn’t even impressive. It’s slow and fees are high. Libra would be better because it’ll be more stable. If you’re a gambling man and wanna live on the edge then go for it. You could charge $1000 in BTC and wait a month and that might be worth $1500 but it could also be worth $500

@Dawn Quinn I know you’ve settled the matter but just wanted to put it out there that not all people who have a bankruptcy on file are bad tenants. I have a chapter 13 due to a nasty divorced and several custody battles but I have never been late on rent or missed a payment. I don’t rent above my means. I choose places I know I can afford. I’ve never been turned down either, which is weird cause seriously my credit score looks like it went through a blender. My credit score isn’t even high enough to drive through a rich neighborhood. Before my divorce I had amazing credit and zero debt. But sometimes bad things happen to good people. Now I make decent money and am once again debt free (technically). Thank god this landlord gave me a chance cause I now live in a very nice, private home. Perfect for my children.

I will be pooring over all the posts I can find that relate to my question but until then some general advice would be awesome. Long story short I went through some very difficult times in my early 20s due to a divorce and multiple custody battles. I went from amazing credit and a great savings account to homeless and bankrupt. Now I’m almost in my 30s and doing better financially. I’m still in a chapter 13 bankruptcy, however, I have the money on hand to pay it off completely but legally I have to wait another year before doing so. All my other debt has been wiped out and I’m finally back on top with 20k saved up. I’ve learned a great deal about the importance of investing and passive income, which brings me to my advice needs. I’m very interested in real estate. I lean more towards rental properties than flipping because I prefer monthly cash flow and flipping houses seems riskier and more intimidating to me. I obviously can’t qualify for any kind of loans from a bank except the VA loan and I don’t feel comfortable with borrowing from family. What suggestions does this community have in regards on how to invest this money to start a life of semi passive income? Im able to save about 17k a year. My ultimate goal is to own rental property. Given this information, if you were in my shoes what would you do? Thanks for any advice!