All Forum Posts by: Christine Lee Middleton

I guess we’re just not quite there yet lol

@Jeremy Nault I will look into it! I really appreciate the help!

Quote from @Account Closed:

Quote from @Christine Lee Middleton:

Hello @Account Closed subject to is honestly my most favorite avenue for investing. I like to find homes in Pre-Foreclosure, and turn them in Lease to Buy (Rent to Own) properties. The biggest challenge of course is educating the seller on the benefits for them....especially those in Pre- Foreclosure. I come in and with down payment which is the amount they are behind. Depending on that cost, I may be able to give an additional $1K to sweeten the deal and help them move. The new tenant pays me a down payment which puts money back in pocket and a couple hundred each month until they purchase.

Of course everyone knows about the "Due On" clause which rarely ever happens. When I was newbie, the more seasoned investors who received advice from never faced this with the bank. Can it happen, yes. Will it, probably not as long as you're making the payments on time.

You should check out Bigger Pockets Podcast #13, #84 & #344 

HAPPY INVESTING!

Thank you!  I will definitely save those podcasts as reference and listen to them asap. In which cities are you finding the most success?

Honestly, I'm only investing locally, in Indianapolis, IN and surrounding cities. Born and raised here so I know this area well. We're in a great market right now!

No problem at all!

This is great information Rebecca! Thank you for posting! I must say...I'm a little disappointed....I really thought I was going to see Indianapolis, IN on that list lol!

Quote from @Marceline P.:

Hi Christine,

Thank you for the advice and encouragement! Funny enough I started watching that video a few days ago, but heard the partnership route and it made me nervous. I will watch the whole video this time & I will check out that blog! I wish you the very best in your investing journey as well!!!!  Is there anything you've implemented that has helped you in your journey?

The number one thing I've implemented is just being honest-- being me. I believed real estate investing was for the upper class with BIG POCKETS and I felt like I needed to talk a certain way and carry myself a certain way. I had a seller tell me once he had multiple investors at his door who were...let's just say all business. He chose me because I was more genuine. I had the same thing happen with an older lady. I stopped thinking I needed to be a certain way and stuck to just being me. 

Hello @Account Closed subject to is honestly my most favorite avenue for investing. I like to find homes in Pre-Foreclosure, and turn them in Lease to Buy (Rent to Own) properties. The biggest challenge of course is educating the seller on the benefits for them....especially those in Pre- Foreclosure. I come in and with down payment which is the amount they are behind. Depending on that cost, I may be able to give an additional $1K to sweeten the deal and help them move. The new tenant pays me a down payment which puts money back in pocket and a couple hundred each month until they purchase.

Of course everyone knows about the "Due On" clause which rarely ever happens. When I was newbie, the more seasoned investors who received advice from never faced this with the bank. Can it happen, yes. Will it, probably not as long as you're making the payments on time.

You should check out Bigger Pockets Podcast #13, #84 & #344 

HAPPY INVESTING!

Hello @Marceline P. and welcome to the club! I understand the challenge with investing in an expensive market. There's a Bigger Pockets YouTube video I found really helpful. "How to Invest in an Expensive Market and Live Rent FREE!" you should definitely check it out. There's also a blog post on here from Aug 3, 2019 "What to Do If You're Located in an Expensive Real Estate Market".

HAPPY INVESTING! And remember, every great success had to first see a failure or two (or three lol). What separates us is our determination and keeping our "Why" in the forefront. Why do you want to invest? Money is great, but if you have a deeper reason, that can get you through the tough moments!

@Victoria Knutson Thank you for the info! I'm putting this on my MUST WATCH list!

@Tristan Scott Zell thank you for your reply! Could you explain what a 80/10/10 is? I've never of that.