All Forum Posts by: Ryan Blankenheim

Does anyone know of a lender who will do a DSCR loan in Missouri, specifically in lake of the Ozarks? We are looking at STR'S in the ares.

Thank you

John, thank you for your response. I defiantly do not want to add to the pile, we are making enough money that I could pay for licensing etc without incurring more debt.  I am meeting with some agent friends this week to see if there is anything I can do for them or if they have any suggestions.

Another issue I am dealing with is that my current job assignment will run out in about 5 years and although I will not be unemployed when that happens, I will likely not enjoy my job much any more.  My goal is to grind and pay off this debt and possibly have another career path lined up by then.

Hey everyone, I signed up on this site a while ago and haven't posted much but have been reading and listening to podcasts and I am ready to take some action.

A Little about me and my situation:

My wife is self employed and I do government work.  We make good money but we have been living beyond our means for quite some time.  We have debt north of 200k to include vehicles, student loans and credit card debt.  My wife and I love real estate and want to start investing but feel it would be unwise in our current financial situation.  We are not struggling to pay bills, we have gotten on a budget and are able to pay decent chunks of debt off when my wife takes quarterly "bonuses" out of her business.

I would like to accelerate our debt payoff and our thought is to obtain our RE licenses and work as agents part time as a "team" to accelerate our payoff with commissions and start learning more about the real estate business in the process.

I know that part-time agents are a debated topic on the forums but my question is this: Has anyone done this and would be willing to share their experiences? or, does anyone have other recommendations of part time work within the real estate world that could help me attain my goal of earning and learning at the same time, ie, appraisals or inspections?

Another option I guess would be to begin investing now to gain passive income to help pay debt off, but this seems like a stretch with the amount of personal debt we currently have.

Thanks

@Micki M. Thanks for the welcome!  I love podcasts and will definately start there.  I really thank you for the offer to help and may reach out as I have a lot of questions that maybe you can help me with.

Hello, 

I'm new and from Colorado.  I am considering getting into real estate investing part time to create a potential out from my current career in the future. 

I have signed up here to learn as much as I can about many different aspects of Investing before deciding what I want to specialize in as I move on and get started.  At this time I feel like  I may be leaning towards fix-and-flips but that all may change the more I learn.