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All Forum Posts by: Eric Guerra

Eric Guerra has started 1 posts and replied 11 times.

Post: 27 y/o Female – 50k debt to $1M+ net worth (24 units,50 deals/yr)

Eric GuerraPosted
  • Rental Property Investor
  • Beaumont Tx
  • Posts 11
  • Votes 2

Hi Arianne L. 

I currently have Three single family houses which I bought with my own money over the last 5 years they one is worth about 65,000 the other 25,000 and 30,000 I bought them inhabitable fairly cheap I rehabbed them on with my money and physical effort. These give me a cash flow of $1,750. I am now thinking about shifting gears, getting twenty to twenty five multifamily units. Conventional banks wont lend me money because they are on a lease. what advise could you give me so that I can make this possible? 

By the way I work a full time pipe fitting job 70 hours a week give or take, I was financially supporting my wife so that she could become a registered nurse, the plan was that she would leverage me out once she graduated and I would have more time to invest in the business, the good news is she just quitted yesterday on her own, in order to cover the business and be my right arm.

 Throughout this year we have realized that it is so possible to be financially independent, and get rid of those 4 to 8's. We are supper exited bout this project we desire so much.

Your story is so inspiring just what i needed to reed. plus all this comments I have picked up allot of ideas... God bless you, and keep working hard for that non profit you have in mind, its a beautiful thing.

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