All Forum Posts by: Monique Howard

Thank you all for such great advice! I guess I will think more about filing bankruptcy. The debt is just a little overwhelming and I just wanted to be rid of it altogether. I love the idea about purchasing a duplex and renting out the other side. Again with this though I don't know if we could qualify for a loan to purchase one right away though. We are kind of in a desperate situation and need a bigger place to live asap, (3 kids and baby on the way lol) but figured if we are going to become investors we should just buy as opposed to rent. But we might not have a choice right now. I'm not sure... 

I have am still somewhat in the learning process, but I am really anxious to get started and work on getting my first deal. I have spent a lot of time over the last maybe 5 years reading books and taking courses learning about real estate investing. I just hadn't taken action probably mainly due to fear and just not knowing exactly what type of deals I should go after. My husband and I only have about $10,000 cash to work with and our credit is not great at all. In fact we are thinking about filing bankruptcy. So I am not sure if we would be able to obtain any loans to go along with the money we have. I am wondering is there anything we can do with the amount of money we have to work with and if so what are the type of deals we could possibly start out with? 

Any suggestions?

@Spephen Barton and @Nick Feliciano Thank you for your response!

Is it possible to sell a government owned home while still paying the mortgage on it?

Also I was wondering if there is a specific place I can go to find a list of abandoned and foreclosed homes for really low prices...

I am interested in possibly doing something like a fix and flip with an abandoned property. Has anyone been successful with this method and had any success? I am wondering are abandoned properties a good investment and what should I know about what to do or not do when going about making money investing in these type of properties...

My name is Monique Howard, I like to go by Nykki. I am extremely new to investing, but have had an interest in it for a very long time. I am excited about some of the great information I have received from this site already. Part of my problem in the past I think was just being afraid to take action, afraid that people would know I was a rookie and didn't know what I was doing. I've always felt like I need to be absolutely perfect before I could seriously get started. I still have not received all the knowledge I feel I need to successfully get started in real estate, yet I am soooo ready and eager to learn whatever it is that I need to know.