All Forum Posts by: Jane Dunn

 Ok, that's three...

 Wow, I could really get behind that. How about we do it?

So, I'm taking action and am in the middle of my real estate licensing course. I need to find a mentor for investing and I would like to hook up with a local REI group. I find ones that want to charge, but I'm looking for something more like Bigger Pockets with people who want to give back. I have no problem paying membership dues, but I don't want to get caught up in some buying scam. What organization would be a good fit for me here?

 I've been looking very closely at this and I'm working with a realtor, so I'm taking a wait and see approach. Note that I've decided to get my realtor license, I may just wait for a better deal. Thanks!

 Thanks, so much. I will definitely check that out.

I'm living in a rent home that I want to lease-purchase as my first investment property (update, and rent). It was built in the twenties and has a fuse box inside as well as a newer box outside. I can see myself that there are numerous code violations, but from reading a post regarding intermittent power outages to certain outlets, it looks like I need to have the electric company come check their end.

So, 

1) would the electric company cause me and problems regarding the code violations,

2) how can I use this to my advantage in the sales negotiations, and,

3) I can do some of the interior writing, but what kind of bucks will I be looking at to replace the box?

I really appreciate all the encouragement, now tell me why this is a bad idea so I can make an informed decision. 55 is not that old in the scheme of things, but when I owned a home in my thirties there were lots of things I could do then that I can no longer attempt.

I will be working at a full time, relatively low paying job until I retire. I will be the property manager and do small things by myself and find good contractors for the big things. I will have small money to start with and have limited cash flow until I can get a few properties acquired.

Right now my area is blue collar, but is gentrifying, so I foresee better rents and better tenants later, but I may have to deal with lower end renters or students until then.

I'm an optimist and I believe in my ability to do this, but I want to go in with my eyes open.

 Thanks for the hard info. I'm saving money right now, but I don't want to wait and miss out on this house, if I can come to terms with the owner. If not, on to finding the best deal for my situation.

Wow, @everyone!! Thanks so much for your various suggestions and encouragement. I've loved the idea of owning property for a long time and it's time to get rid of regrets and take hold of the steering wheel of my retirement. I'm moving forward with my research and hope to meet with a local realtor next week to structure my first purchase. I'll let you know how that goes.

I'm looking at a lease to own on the rent house I'm in. It's in an area that is being slowly gentrified. After I get this rehabbed to rent out, I want to buy 2-4 more duplexes or with conventional financing; planning on living in each a year to get the financing.

I'm a 55 year old female. I work full time and would continue to do so. I would want to be my own property manager which doesn't scare me much as I have good people skills and good maintenance skills.

I'm concerned about getting financing at my age and at my income level. I have scads of other questions and I've been studying up, but I just need to know if I'm being realistic taking into account my age re financing.