All Forum Posts by: Tina Gilley

I'm wondering what experiences and advice you have working with government funding sources like section 8 housing. Most of the region around me have passed new laws requiring all landlords to rent to anyone without discrimination for using government funding programs. 

Quote from @Remington Lyman:

Quote from @Tina Gilley:

Quote from @Nicholas L.:

@Tina Gilley

kudos to you for wanting to learn more and make RE part of your portfolio but... unfortunately, I think this is a really, really tough time in the market cycle to try for cash flow, especially in a short period of time.

you could house hack - where are you located?

Nicholas

I live in the Dayton, Ohio area. My plan is actually to house hack my first RP, but purchasing a double. I also want to rehab my mobile and rent it out. Luckily it is in a recreational area where long-term rentals are getting hard to come by. Everyone wants to go the AIRBNB route and I am not interested, as it is a hour away. I think it's a good start for me while I plan my longer term future.

My goal is to be able to comfortably retire in 6-7 years, as I am no spring chicken.

 My sister-in-law lives in Dayton. I tried to get her to do the same thing but she ended up buying a single-family there :/

I did house hack in Columbus. Lmk if you have any questions

 Thank you Remington. I will reach out if or more than likely when I am ready to jump in with both feet. I am pretty sure house hacking will be my best path.

Quote from @Nicholas L.:

@Tina Gilley

kudos to you for wanting to learn more and make RE part of your portfolio but... unfortunately, I think this is a really, really tough time in the market cycle to try for cash flow, especially in a short period of time.

you could house hack - where are you located?

Nicholas

I live in the Dayton, Ohio area. My plan is actually to house hack my first RP, but purchasing a double. I also want to rehab my mobile and rent it out. Luckily it is in a recreational area where long-term rentals are getting hard to come by. Everyone wants to go the AIRBNB route and I am not interested, as it is a hour away. I think it's a good start for me while I plan my longer term future.

My goal is to be able to comfortably retire in 6-7 years, as I am no spring chicken.

Thank you for your advice. I am working with a real estate agent now to learn about my market and the best areas to look in and stay out of, as well as what is a good or bad deal. My goal is to have a steady cash flow, and stably during my retirement yearsof I would become disabled and unable to take care of my company in my own. I don't plan on living month to month on social security in someone else's low income apartment. 

I can't tell you how much I appreciate everyone's time and feedback. 

I'm new to the idea of real estate investing. I am in the process of getting divorced, have no retirement plan, inherited a 65,000 mobile on .5 acres and have appox. $500 in monthly debt, while making $60k per year. I am 57 and need to build my retirement umbrella rather quickly.

I could really use some advice on how to get in and build my investment future over a short period of time.