i was told to create a new intro thread

7 Replies

Please give me the best advice possible;

I am 28 years old and have been a full time Realtor since 2013. My mother fell ill, and since 2015 i've been her caregiver. She and I live in a home that is paid off (270k in value) without any other debts other than utilities and entertainment, I also have stock in Honeywell that is valued currently over 19k.

The last two years I have been a full time Realtor in my market. I have had multple transactions which has helped me identify the current market value. With my mothers health on the decline, I have not been able to work full time. 

My mother and I planned on diversifying the honeywell asset into an FHA 203K on a multifamily (4plex) with the loan paying repairs as well.

With complete equity in our home, i was also thinking about using a HELOC on the property to help promote a positive cashflow on other properties,

I want to show my mother a life she deserves before she passes on. Please help in giving me advice on what we should do to best utilize our capital. 


Can people on disability create an LLC without penalties? I.E.) Can someone on disability create a business entity while disabled and not working?

Will my mother and I be able to buy properties with her good credit? She and I were planning on marketing to multifamily properties and using a FHA loan for a year then refinancing after a year of seasoning.

  Please give me constructive criticism and not hateful messages that I've been subject to.

Hopefully second times a charm,


@Jay Hinrichs Jay, I'll be reaching out to a few loan officers I know. What I want to do immediately is sell my stock and rediversify it into a multifamily deal using a FHA 203k.

@Charlie Fitzgerald Charlie, our current financial situation is stable. She is on social security disability and as well her pension. She receives both these incomes each month. Living more frugally has helped to have the income exceed the monthly debts owed. Where my mother is saving approximately $900 per month, after expenses.

Her illness is stage 3 lung cancer that has recently spread to her brain. I'm afraid that her health is not improving. Even if I don't partner with her due to her illness, I want get the ball rolling by using my honeywell stock. How would I go about selling stock with the least amount of taxation?

@Al Wilson Al, unfortunately she does not have an attorney. Reason being is my father and brother both passed away leaving me as sole inheritor. I do have a friend of the family who is an attorney, I'll reach out to her. 

Thanks guys for the responses!

I have to be honest...if I were in your position, I would put all investing on hold and spend as much time with your mother as you possibly can.  My own mother passed away unexpectedly in 2000 and I was working 15-18 hour days and never made as much time for her as I could have.  It's one of the biggest regrets of my life and I wish I cold turn back the clock...If I knew then what you know now...it would have been an entirely different picture.  Real Estate is not going anywhere...focus on your mother for now.  That's the best advice I can give you.

@Charlie Fitzgerald thank you for that, I'm sorry to hear about your mother. I'm going to take your advice and just spend every minute I can with her. Financially we are fine, I just wanted to show my mother more to life before she passes. Looking back at your response, you make a lot of sense. I'll cherish the time I have left with her, then focus my efforts into investing.

Thanks again Charlie!

Best Regards,


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