I ultimately want more financial freedom down the road and have an array of unIts.I am currently out priced fo where I live (oc ca) so I was thinking investing in the Midwest or the south.

(That’s a Warning Sign.)By MATTHEW GOLDSTEIN, ROBERT GEBELOFF, ROSS MANTLE and MATT RUBYSEPT. 12, 2018This quiet working-class town, just beyond the glitz of the Las Vegas Strip, helped spark the global financial crisis 10 years ago.

Some may hope to walk on the moon or play in the NBA, well I want to reach financial freedom through my dream as a real estate investor.

Lenders don’t just hand out insecured LOC’s willy nilly.....and your overall financial strength (liquid assets) have more to do with it.

Meaning that for grandma to get that $2k check in the mail, the mortgage balance is going up by MORE than $2k.For that reason, in almost all cases, the heirs will be financially better off supporting grandma than they would be if grandma takes out a reverse mortgage.

Whatever financial rules you decide to set for yourself, just be sure to stick by them no matter what as you are evaluating potential deals.

There are some creative solutions, such as what's commonly referred to as "cash for keys" - you negotiate an early lease termination with the tenant, in exchange for some financial consideration/moving money. 

Sounds like you need a good realtor and not a financial advisor Sean!!

Hi @Natasha Richardson,I recently purchased a Multi-Family with an FHA and would recommend you do the same if you're financially able to.

@Carlos PenaYes, either buyer or seller can "change mind" after signing contract.However, contracts are legally binding so there are consequences if both parties don't agree to the change, usually financial penalties.Check with your local real estate attorney to know what the consequences are with your particular contract and whether it is worth your time and expense to enforce the contract as signed.