All Forum Posts by: Natasha B.

Okay, so I need to get a job again and keep it. I was told my friend who a lawyer that I should become a real estate agent. I believe she said that so I can learn about market and about real estate, but what you’re saying this is not good advice? Would it be better to read books and learn on my own? I am looking for another job now. The correct job that possible put me in a better place for loan is a job where I make around 50,000 a year? Or does or doesn’t that matter?

Thank you.

Not sure if the fits in this category for investor mindset, but here goes...

I want to be an investor, but am not having the easy time get starting with this. I had a job and recently lost it. But it did not have the pay that would be beneficial for doing investing, I think. Anways, I own a home, but I was told I could think about sell it or renting it out to someone else to get started with investing. I not sure if this is an accurate strategy. I am trying to be positive and understand that this is possible, but I am not honestly seeing how this is easy for others and not me. Maybe it isn't easy for starters I guess. I was told to take out hard money loan and than told it not bad just would be better option to only use on  fix and flips. 

I feeling that running into obstacles that are making the goal overly delayed.

I guess I send this message in hopes of help for  words of wisdom or encouragement. 

I am a single mom 3. I lost my job. I  was thinking about and about to start working on becoming a real estate agent, but  also I cannot drive because I simple never learn. I tried to learn, but am not having a great time or experience with that. I have to pay driving school and they alway charge to much for a few lesson. Some suggested ride share or bus. Which seem idea to me, but someone else said that it isn't idea.

I would try to find a mentor, but that is something I not sure what to do. Were to find them. I feel like I need to have something to bring to table to also help mentor. But challenged  by this because I am new to this and wonder what  could I offer? Would Linkedin be idea to find mentor, I do feel it weird to go in to someone direct message to ask, but is that what people do?  Since lost job I am running into the issue with bills, but try to move fast to make sure nothing like my credit is mess up. By find a solution to aid me for the mean time, like unemployment benefits etc.

Please if you do comment with ideas or suggestions to be motivating. I say that because this is getting to feel kind like I try my best, but feeling my best is good enough. Also, I feel this journey is taking a long time to achieve. It may been 7 yrs so far. I am also disabled.

I am just wondering how possible is these ideas. If I am self employed or real estate agent can I purchase properties with the funds  I earn either option for a renting out house or fix or flip? What I was told I need to have two year of work experience. Which would be  consider the tradition route?  Were I get a loan, but need about two year on the job, etc..

A little background info I sadly lost my job, but willing to restart everything. Just try to see what direction is possible.

I willing to get my real estate agent license or start a business. Yes, I am looking for another job.

Also, is it possible to do REITs. I was told that I need a lot of money for this, but is that accurate? I also heard that was accurate. Reits are consider a saving? That the saving has interest paid to it, compound interest? Would  this a good option to start with and learn about too.

I am going to take course in real estate agent. But I have some challenges. Like I cant drive and just recently I lost job. I been planning to do real estate agent before job loss, but have got to it yet. I been looking up stuff and they said I can still do real estate even if can’t drive. They suggested to use ride share or bus. Yet, some said this would be a lot of time and money.  I guess because I’d need to look at different houses with clients it would be a hassle to them. What I was looking at also suggested to give them the option to use ride share with me or they drive themselves. I want to become real estate agent to use money to purchase properties and flip etc and find properties.
Trying to find alternatives to everything. Is there any thing that can be suggested or idea? I am not great at finding jobs either.

I want to do get a multi family house. I heard I need good credit and would have to have a down payment. I learn I could go to a lender. They would give me the money and I would pay them back. I have good credit, but not the down payment yet. Is this a good idea? I don’t want to live in the house. Am I going in the right direction about this? By having a good credit score, planning to save 10,000 or more and or getting help from a mortgage lender? My income isn’t 50,000 a year. But I do get a W2.

Please let me know. How should I start? Is the people I borrow called hard money mortgage lenders?

Thank you 

I want to start renting out property. Possible a multi-family house. My question and concern is it possible to save 10,000 and purchase a house? Would this make sense to save this amount to buy a house outright? Yet, if I went to a bank and told them I had a down payment of this much would this help me get a loan. The problem is I do not have a job right now, but I do have a source of income. I think it could take me a few years to save up. I was hoping when the coronavirus is over I have some of it saved. I already have some of it. Do you think their a better number to save up? 

How would I find a partner? Just don't know exactly how to approach or locate a partner. Is a partner someone I know? Or is this consider angel investing?  I will look into a real estate group about wholesaling. Is there something I could read so I can find a partner that you might know about?

Thank you.

@Frank Patalano

I am honestly not sure what you mean. I have just been paying my credit to get it back up.  If your asking the things I focus on is either wholesaling or selling real estate. My plan is to get a score up and take out a loan from the bank to buy a two-family. My other idea is to start wholesaling. I live in Ohio and I think I would need a broker license to do it. I think wholesaling is illegal here. Do you have any suggestions? 

@Frank Patalano

@Frank Patalano, What holding me back is money and fear of failure. I want to take a loan out, but credit is fair right now. But I am definitely working on it. I get disability income but I don’t want to be on it. I am to young for disability income. Also, I do not want to work for anyone else, meaning I don’t want to be a employee. I want to build wealth.