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Posted over 10 years ago

A taste of reality.

It's tough when you have a vision and no one else can see it. Its like seeing the sun in a storm. I have been running into nothing but opposition outside of this forum. I shoud have expected as much. But its the family and friends that hurt the most.

I was born with just the diaper on my back. Not even my parents. I grew up in foster care and know the importance of a place to call home. My biological mother lived and died on Skid Row. I still place a candle on 5th and Los Angeles in her memory, and to remember those whose souls still rest on those streets. But I never let it stop me.

I was homeless for a bit. But I never let it stop me. I had my children and went to college. Maybe I didnt get a masters but there is still time.

But I need to defeat this monster, who took so much from me. This monster called poverty. The thing about poverty is no one trusts you to give you a chance, you have no money to start on your own and by the time you have enough to finally crawl above the surface, the opportunity is gone. There seem to be a lot of good ideas, good intentions and good people in the most impoverished areas. They just never get heard because they are too close to the ground.

I'm not giving up and I guess I'll have to find an even more creative way to finance my venture.


Comments (8)

  1. Machelle, No reason to get tangled up in financing this early in the game. That's completely unnecessary risk. I think you will be better off focusing on either being a bird-dog for an experienced mobile home investor, wholesaling a mobile home or lease optioning it to a tenant-buyer as Marishka suggested. All of which you can do with very little money.


  2. It's very hard to step into a different reality from your friends and family. Your new vision can be threatening to them, and they are afraid of being left behind- and of losing you. It's funny that their fear of losing you makes them act like jerks, but that's often how it goes! You need to treat your dreams gently as you start out, like little baby birds; keep them safe from the folks that would lash out at them. This probably means keeping your plans to yourself, as much as possible, around anyone that might not be supportive. As you start getting results, you can begin to open up more. Folks will see that you really are still the same person. For every one person that is resentful of your success, there will be at least one who is inspired by it.


  3. First of all, kudos to you for perseverance on your journey to success! I am a big believer in "fake it til you make it!" Have you considered strategies that don't require cash out of your pocket to do a deal, like, for example, lease options? Many of my students either have no money to buy a property (neither did I when I got started, and now I am grateful for that because I still look for deals that require little to no out of pocket cash), or they are very conservative (good for them!) Lease-optioning can be a great win-win-win for seller, tenant-buyer, and YOU!


  4. Thanks i will review his article


  5. Hey T, As you know it is very difficult but important to keep your motivation. As an entrepreneur in other fields, I have been shot down more times than I can count but sticking with pays off. Looking at your price point in another post, have you considered peer to peer financing? Brandon Turner wrote a piece a while back that would be worthwhile to review. May give you some ideas for your venture... http://www.biggerpockets.com/renewsblog/2012/9/2/top-ways-to-make-money-real-estate/


  6. Thanks you guys. Very nice words of encouragement. Well, I initially started looking into 2 short term loans based on my job(like payday loans) but then I talked to a lender who wasnt in it to win. He told me that might not be the best option. I tried talking to a couple of relatives but no one has that kind of cash available. My job is just covering the bills right now so, I have come up with some ideas using crowdfunding and some other ideas. Just really bummed about being so motivated and not able to follow through. >_<


  7. Sometimes people that are close to you don't want you to succeed, because then it makes them look like a failure in comparison. But if you rise above, then they are left on the ground.


  8. Thanks for sharing your trials Machelle. The people closest to you can be & usually are the most discouraging when you tell them about wanting to become a real estate investor. What's your plan with getting into investing in mobile homes exactly? Just curious. Take care, Ushi