All Forum Posts by: Rachel Murphy

 Thanks for your response!! I've heard of public loan forgiveness but also heard that its only for federal loans. Is that correct ? What type of jobs does "public service" include in this context?

 Thank you for your response and honesty! The rates are insane for sure. What does Sofi mean? My issue is they are Sallie Mae loans so they're private and from what I've read can only be consolidated when I graduate. 

Previously, I was paying out of state tuition for 3 years which is why they are so high. Now, I'm enrolled in online courses so the tuition is much less. My major is criminal justice so to answer your question, it absolutely does not translate into money or a job I like. I have thought about changing my major but would lose tons of credits and would thus have to be enrolled longer. I only have 3 core classes and 6 electives left to take before I graduate, and have this coming years tuition covered by grants/scholarships. 

I realize I'm probably making it more difficult on myself by trying to force something when maybe it isn't the right time, but without getting too personal, my home life sucks and I really need/want to move out as soon as possible. I just also don't want to set myself up for failure. 

Thank you for your response! What do you mean by seller financing? Would they keep the mortgage in their name and I would pay them monthly? 

 I'm not even on a payment plan for it yet because I am still in school. They are in "in-school deferment" right now. 

I don't have any other debt besides my student loans that I couldn't pay off right now (very small debts) but he said since my loans are so much paying off my credit cards wouldn't be enough. 

Hey there! I'm working full time. I go to school part time right now. Can I refinance my loans if I'm still enrolled? Rates are between 7.625% and 12% interest. Multiple loans between $10,000 and $17,000. 

Thank you for taking the time to respond! I'm looking for an investment property. A duplex that I can live in one side and rent out the other to pay the mortgage. My personal credit union that I use doesn't do mortgages, but I can definitely go to other ones. 

How would I go about finding another investor like that? Or finding a deal to jump in on? Is there some type of site or forum where people are looking for partners and whatnot? 

Hello everyone,

I recently got in touch with a mortgage broker so he could run my numbers and tell me what I could afford to purchase. He came back and told me that my debt-income ratio is already at 58% WITHOUT considering a home loan, so I have no chance of getting approved without a cosigner which isnt an option for me. I have $100,000 in (mainly private) student loans which is exactly what is killing me. I'm still enrolled in school so my loans are "deferred" until I graduate and my naive self hadnt realized the benefit paying on them while enrolled until now. 

What is my next step here towards being able to start investing? I have money saved up that I was intending to put towards a down payment...that I'm now sitting on. But isnt a big enough contribution to lower my loans enough to get my own place. 

Can I invest a portion in a deal with others? How do I find those? Are they legitimate?

Are there other options/other loans? What resources do I have in this situation? 

I'm a single mother living at my parents so moving out is a high priority for me. 

Thank you in advance for any resources or information you share below. 

I'm a single mother looking to start investing. I have been researching and saving money, and am close to being ready to make the jump. 

I'm wondering if anyone else on here is a single parent and how you began investing. What was the most difficult part? Startup costs? Biggest lesson you learned?

I'm thinking of purchasing a duplex and renting out the other side. Price range I've been looking at is up to 130k. Duplex because I dont think I will be able to manage much else. Pros and cons to duplex? 

Any tips or advice is greatly appreciated !! 

Brie, I saw this event and was wondering if I could attend even though I am not a current investor and don't have any deals to present. I am just getting started with my real estate investing education and would love to attend this to gain some more insight. Please let me know. Thank you in advance!

 Thank you so much for all of the information you have provided me. I truly appreciate you taking time to explain these things to me. I do not know much about stocks and have been enjoying learning more about them.