Single Mom Looking to Invest

[Kristina Ballou]

Hello all,

I've just begun my journey into multifamily investing.  Well, kinda.  I haven't purchased anything just yet but I have listened to numeroius podcasts and watched tons of videos over the last 6 months.  Is there anyone out there willing to give me some advice.

Single mom, working two jobs already and putting herself thru engineering school.  I'm ready to begin the journey to financial freedom.

Thanks,

Krissy

[Don Spafford]

@Kristina Ballou it sounds like you are very busy. Maybe you may be better suited as a passive investor at least until you finish school. You can passively invest in apartment syndications and then not have to worry about much. Even when purchasing a property and using a property manager, it never is totally passive. You still may have to give approval for large expenditures, follow-up with the property manager, etc. But as a limited partner in a syndication, all you have to do is maybe read the monthly or quarterly reports and still get a good return and take advantage of tax savings with depreciation. Just a thought. Depending on the age of your kids, house-hacking may not be a viable option. If you can pull it off, definitely do that. That way at least your housing expense should pretty much be taken care of to not have to worry about that so much. Happy to put you in contact with some people if interested in syndications. I may also have a great opportunity if interested. It is a syndication but for new development of a large condo complex. Much higher returns than other apartment syndications, but no cash flow while they are being built. But a large payout when completed.