All Forum Posts by: Account Closed

I was able to invest as a contributor to larger rentals though "Here" and "Arrived" but I feel a partnership would be more impactful. How would a person even go about finding a partner? Would someone even really need anything from someone in my position? What I have to contribute may be significant in relation to my financial situation, but it's chump change to any investor who actually has the means to help out the newbies.

Quote from @Kevin Sobilo:

@Account Closed, you mentioned Supplemental Income. If you mean SSI (Supplemental Security Income), then my point wasn't related to your experience but more to be able to financially weather any significant issues since SSI is only available to people without significant means, capital, or assets.

Good luck!

 Ah, I gotcha. Yes that's the challenge. Thanks! I'll need the luck until I can build up some financial security. 😫

Quote from @Kevin Sobilo:

@Account Closed, Im sure your thinking make sense in a perfect world, but the question is are you prepared for things to go sideways. Will you be able to handle nightmare tenant scenarios of damage and evictions?

Make sure to factor worst case scenarios into your planning along with the best case scenarios. 

I've delt with nightmare tenants in a cabin my dad is renting out. I'm his property manager. I know the risks and how to mitigate them. I'm confident in my ability to deal with issues as they come up. :)

Quote from @Steven Foster Wilson:

Quote from @Account Closed:

I'm legally disabled and don't feel that my $860 a month is going to provide my son with a leg up on his future. I'm very limited as to how much capital I can have, but I want to eventually find a way to use rentals to scale my income and get off of disability entirely. What would you suggest? I'm able to provide a down payment on a duplex with my backpay but I don't think I'll get approved for a loan with $860 a monyh income. Are there any business deals someone in my position can work out?

 I would start to call lenders, do not give them your social or anything that they could run your credit on until you are ready but it would be a good way to know what they have. I know here in Ohio we have a government loan that helps people that are under a certain pay scale buy a property. I would call around and see what options are out there. The more you call the more options will come your way. 

 Thank you! I'll start calling around and see what I can find. :)

Looking for a potential partnership to get the ball rolling on my path towards getting off disability with rentals. Disability said that if I am recieving passive income via rentals, it won't affect my supplimental income. I'd lose my $300 a month but not my $500. This gives me an opportunity to use rentals to invest my way off of disability. If I use an FHA loan with 20% down on a duplex, I could rent out my currently occupied home for more than the mortgage payment of the duplex. I'd live in one unit for 12 months and recieve rent from one unit. After 12 months I'd move back to my current home and rent out the second unit. Unless there are better options out there?

Hello. I'm on disability making $860 a month. This isn't enough to provide for my son or invest in his future. I'd like to use rentals to scale my income and get off disability. I can afford a down payment on a duplex but I need some kind of business partner to help me get the ball rolling towards financial independence. I'm not sure how business partnerships with in rental investing but I'td mean the world to me for an opportunity. I do computer programming and game development as a side hobby so I'm good with numbers. 

I do computer programming and game development as a side hobby so I'm really good with numbers. I think I just need an opportunity to get the ball rolling.

I'm legally disabled and don't feel that my $860 a month is going to provide my son with a leg up on his future. I'm very limited as to how much capital I can have, but I want to eventually find a way to use rentals to scale my income and get off of disability entirely. What would you suggest? I'm able to provide a down payment on a duplex with my backpay but I don't think I'll get approved for a loan with $860 a monyh income. Are there any business deals someone in my position can work out?