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All Forum Posts by: Jeffery Glavin

Jeffery Glavin has started 1 posts and replied 2 times.

Post: 80k inheritance, poor credit, where do I start?

Jeffery GlavinPosted
  • Camas, WA
  • Posts 2
  • Votes 0

@Caleb Heimsoth, Thank you for the idea.  I went bk on purpose to let go of the unnecessary things that would just keep me down from really making an impact on my future in real estate.  I am serious about getting a just start with this and being set in the next 10 years.  I want something to bring me more returns then 2-3%.  If I wanted to take 2-3% I could have stayed working in the auto business and put that in bonds.  

I believe there are much better options that can yield 20-50% returns on the market with the right research.  Listening to BP podcasts and reading the forums I am sure we can come up with something.

Post: 80k inheritance, poor credit, where do I start?

Jeffery GlavinPosted
  • Camas, WA
  • Posts 2
  • Votes 0

Hi, I have spent the last 11 years in the auto industry with Mercedes-Benz and just took a leap out into real estate. 

I just filed BK to start fresh from all the debt I swamped myself with being in the rat race with the "joneses"

I am coming into about 80k cash next month.  I want to start my portfolio of multifamily housing rentals.  I have a wholesaler that is starting to send me properties to look over.  I am in over my head thus far but thanks to all of you I am learning quickly.  

Any suggestions on what to do and how to get moving?  I know this is a broad question but all your replies I am sure will be extremely helpful.

Thank you!