All Forum Posts by: David Houghtaling

Thanks Gail. I am interested in notes and also long term rentals.  Unfortunately whatever savings I have now I have to keep liquid because I am the sole breadwinner. I used to have over 100k in retirement but after some bad decisions on that as well I am basically starting over there. 

I am also thinking toward the lines of self directed IRA's where maybe I can contribute periodically? Not sure really

Hi guys!  Just a little background...I seriously want to get into real estate investing to create a legacy for my family and long term wealth.   That being said...in my past I have had some challenges.  I spent thousands on bull ish courses that promise you the world and come up empty. I also was so motivated and dumb at one time that I used my stellar credit in the past to fund a brokerage account for "binary options"... upwards of 250k. This turned out to be a total scam and they took every penny. I wind up not being able to pay the minimums on the credit cards and I am currently in year two of a chapter 13 bankruptcy.  That being said, I royally torched my credit and my savings over the past few years. 

Fast forward to today.  I am back on track with a good job. But I have two kids and a horrible commute living in NY so I don't have a lot of time for outside real estate investing.  As you already know I have horrible credit for the next 2-5 years and money is tight.  So is all hope at this time for real estate investing out the window? Since I don't have much time, money, or good credit?

I know people say look on BP, do your reaearch, read blogs,etc... but at this point there is info overload out there and I don't know where to start.  Plus the fact that I can't see with out time or credit I can make anything happen since I have no money neither.  

Where does one go from here?  How do I get direction?  I don't want to give up on my dream!  Living in NY as well, everything is so damn expensive here and I am so weary of out of state because of being scammed in the past.  I was even thinking the turn-key route but I need at least credit for that plus what I been reading, I don't see a lot of positive reviews about them. I been following cash flow savvy (Matt Theriault) for a while and he appears legit.  But do you really know?

Sorry for the vent...just need some guidance. 

thanks everyone

thanks everyone!  

I have tried a few real estate education courses in the past and spent upwards of 60k and left me more confused and no properties.  Just looking for some good guidance 

definitely passive 

Hello, my name is David Houghtaling.  I am looking to break through and get started in my investing career. I am looking to focus on rental properties.  Unfortunately time and money are limited!  Hopefully you guys can guide me in the right direction!