Advice and Motivation on ways to approach and achieve this goal?

Advice and Motivation on ways to approach and achieve this goal?

Member since 2018 · 13 posts · 3 votes

Not sure if the fits in this category for investor mindset, but here goes...

I want to be an investor, but am not having the easy time get starting with this. I had a job and recently lost it. But it did not have the pay that would be beneficial for doing investing, I think. Anways, I own a home, but I was told I could think about sell it or renting it out to someone else to get started with investing. I not sure if this is an accurate strategy. I am trying to be positive and understand that this is possible, but I am not honestly seeing how this is easy for others and not me. Maybe it isn't easy for starters I guess. I was told to take out hard money loan and than told it not bad just would be better option to only use on  fix and flips. 

I feeling that running into obstacles that are making the goal overly delayed.

I guess I send this message in hopes of help for  words of wisdom or encouragement. 

I am a single mom 3. I lost my job. I  was thinking about and about to start working on becoming a real estate agent, but  also I cannot drive because I simple never learn. I tried to learn, but am not having a great time or experience with that. I have to pay driving school and they alway charge to much for a few lesson. Some suggested ride share or bus. Which seem idea to me, but someone else said that it isn't idea.

I would try to find a mentor, but that is something I not sure what to do. Were to find them. I feel like I need to have something to bring to table to also help mentor. But challenged  by this because I am new to this and wonder what  could I offer? Would Linkedin be idea to find mentor, I do feel it weird to go in to someone direct message to ask, but is that what people do?  Since lost job I am running into the issue with bills, but try to move fast to make sure nothing like my credit is mess up. By find a solution to aid me for the mean time, like unemployment benefits etc.

Please if you do comment with ideas or suggestions to be motivating. I say that because this is getting to feel kind like I try my best, but feeling my best is good enough. Also, I feel this journey is taking a long time to achieve. It may been 7 yrs so far. I am also disabled.

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  • Johnny LynumPro Member
    Investor · Leesburg, VA · Member since 2018 · 233 posts · 92 votes
    2y

    Hi Natasha! (long response ahead)

    First off, I just want to say I see you—and you're doing the best you can under some tough circumstances. That takes serious strength. I know it feels like you're climbing a mountain right now, but listen, you’ve got what it takes to keep moving forward. 

    Real talk: investing is not easy, especially starting out. For most people, it’s a grind at the beginning—whether they say it or not. A lot of the stories we see are the “highlight reels,” but the messy part? That’s where growth happens. I’ve had my fair share of obstacles, too, so hear me when I say this—it’s normal to feel stuck sometimes. You’re not alone in that.

    Let’s break down a couple of things:
    1. Your Home: Renting it out could generate cash flow, or selling might give you funds to reset. You could also house-hack by renting out a room—start small and build from there.
    2. Hard Money Loans: They’re helpful for flips but come with high interest. Move at your own pace; don’t feel pressured.
    3. Getting Around: Rideshare or public transit works. People may have opinions, but use what works for you.
    4. Finding a Mentor: LinkedIn or Facebook groups are great for finding mentors. There are tons of valuable posts, learning materials, and great individuals here on Biggerposckets- so this is already a good start. No need to have it all figured out—just be open to learning.
    5. Your Situation: Losing a job is tough, but you’re smart to protect your credit and explore benefits. You’re doing everything right—step by step.

    This journey isn’t easy, but you’ve got what it takes. Every small win matters.  You’ve come this far, and you’re still standing. Don’t count yourself out. Keep pushing—you’re building something that’s going to pay off. You’ve got this. 

  • Cameron GreenPro Member
    Real Estate Agent · Cleveland, OH · Member since 2023 · 73 posts · 46 votes
    2y

    It sounds like you’re facing a lot of challenges, but you’re already taking the first steps by seeking advice and staying open to new strategies. The biggest thing right now is to stop putting up mental blocks—you can achieve success as a mom of 3, but it’s crucial to push past the mindset of failure. You have value to offer, and sometimes it’s just about taking that first step.

    Start by reaching out to 10 people on BiggerPockets or LinkedIn for help—don’t be afraid to ask for guidance. Even if it feels uncomfortable, people are often willing to offer support, and you can reach out to me too! The key is to take one action item every day, no matter how small.

    Write out 100 things you want to achieve this year, and then try to knock out at least 5 each week. Creating habits that lead to success is how you’ll build momentum. Stay positive—you got this! Let me know how I can support you in building the life and future you deserve.

  • Member since 2018 · 13 posts · 3 votes
    2y
    Hi Johnny,

    Thank you for the encouragement. 
    I hope it is okay to do follow up message with questions.
    You said to rent out a room. Would basement be ideal to rent out? Is there anything I need to know or do to start that? Like do I need agreement, or some type of protection in place? There no bathroom in basement and I feel I may be slight uncomfortable with outsider. But if there is a way to make it feel less awkward or unsafe can you please let me know.

    How  can I found mentor on LinkedIn, Facebook or Biggerpockets with out sounding annoying by sending lot of direct message to random people? Do you have any ideas or suggestions.

    I am working on getting real estate agent course set up. I am going to talk to school soon.

    Thank you,
    NB
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