All Forum Posts by: Katherine Earle

Oh ya, I have no interest in changing our plans. They have not pushed through what I have pushed through and come out stronger on the other side. Our business is strong and we could always come back or start our business in MI if our remote operation was affecting our income temporarily. I was just curious if they also had a Brandon Turner story where you change directions to follow real estate and become really sucessful and next thing you know, they are coming to you for tips on getting into real estate.

So....

I started telling my family that my hubby and I are moving from CA to MI to start investing in real estate while operating our business remotely and heard so much negativity. My hubby isnt scared because he has me and Im not scared because I have bigger pockets (and other books and other knowledgeable investors and perseverance, etc....). I am just super confident that this is the way to gain financial freedom in the near future. Anybody else deal with that and the people ended up eating crow when they saw your success?

When I was at the lowest point of my life (no steady work, bad relationships, depressed....), I decided to make a change. I flew 3000 miles away to get cheaper schooling and better resources and a new prospective. I ended up in a homeless shelter and instead of giving up to go back to my old life, I stuck it out and became stronger than I thought pissible. Well, here I am again. My husband and 2 young children are about to move from CA to MI to buy our first MFH to fix up and house hack because where there is a will there is a way. If it means 5 years of hard work to build the kind of wealth that will set us free for life, a little discomfort is worth it for that amount of time!

Congrats on getting this far! Too many women don't make it to this point and stay emotionally trapped....I, too, have spent time in shelters and I know from experience that if you have gotten this far, this Real Estate stuff will be easy! All the answers you need are here on these boards. So welcome!!!

I agree with the OP. I also have a young family and going to house hack with a MFH that doesn't need much work. I work on the first unit asap to get rent ready and move into the next one while I rent it out and repeat the process until I can rent all of the units out. Then I can move on to the next property, while using the first to work with a private/HML to use as collateral for my next project. I am only speculating that it will work out ok at this point, but that's our plan towards financial freedom while we have a 2yo and an 8mo. Good luck!

Are you trying to sell a MFH (will consider a SFH for the right property) in the GR/Lansing area of MI and willing to do a lease option? I would be willing to do put in some sweat equity during the lease terms while we bring up our credit score a bit to secure an FHA loan and you could have a guarenteed sale in a year while producing cash flow in the meantime. Its a win win situation! I will be out in MI first week of June. TIA!

So my hubby and I made the tough decision to move back to his home town in MI while continuing his flourishing business remotely here in CA so we can jump into this Real Estate game quicker. I need to bring up my credit score just a bit and reduce our consumer debt a bit so we can qualify for an FHA loan and house hack our way into a MFH. I am considering doing a lease option in the meantime. Anything I need to watch out for or suggestions to take into consideration when looking at a Rent-to-Own situation?

Welcome! I'm a newbie in Sonoma County. What part of SF Bay area are you looking at? Santa Rosa is too rich for my blood at this point, but I wish you the best of luck!

I also see the potential. In my market in the SF north bay area where the market is hot and a property is going for $450,000 for a standard 3/2 SFH, I might be able to get to scrounge up some money and hook up with multiple investors to see a return on a flip, but we are all waiting for the bubble to pop and I would hate to pull investors in to lose a ton of money while I'm still learning the ropes. I would much rather go into a market that isn't in a total war zone, but has already tanked and on its way up again that I could step into with the cash I have in my sock drawer (relatively speak of course).

About Zillow....I met up with my old client who is a local agent and investor yesterday who said he just sold a property for $3.2m and it was listed on zillow as being sold for $9.8k...:-P

Thanks! I totally hear ya....A typical SFH out there is $68k vs $680k in SF bay area! That's why I want to parnter up with some people who are local flippers. It doesn't seem like I wouldn't have much competition since the town is fairly small if I were to relocate out there. It will just be a few months to arrange it since my hubby has clients out here that he would never just abandon.