All Forum Posts by: Raeshelle C.

 As you wish.   I was going to use you as an example of a strong women fighting against negative jealous men.   What its like to be a minority fighting up against the MACHNE who don't want to let you up.  A woman who survives and will conquer!

We have too many Divas like Cher, Beyoncé, and Donna Brazille.   We need  more  humble women with strong values like Roeshelle C.   you go GURL!

*grabs popcorn*

This is a fun thread to read. OP having so much rear-end hurt from minor criticism of basic plan which homeowners/investors have done for decades.

Easy to invest/house-hack off $10k. Did it on our first home last year. Property went up $40k in value since. What I didn’t do, was sit here and waste time posting about it or arguing with others about it.

The way this thread is going, it may be better to just close it if it doesn't stop.

The attitudes--including yours, Raeshelle--ALL need to stop. This thread is becoming useless.

Please don't close this thread.  I'm going to use  this LADY as a teaching tool for my young schoolkids,  nothing like real life examples .

Raeshelle.. let me input my one and only deal in real estate that might give you hope aside from the rest here.

Soo basically I began with $13k.. just a little over the amount you are beginning with. I'm in LA area in California, not sure how it compares to your area. Two years ago (age 23) I put in my hard saved 13k into an FHA loan for a SFH that I bought at $450k... it's a 3 bedroom/2bath property that I had a couple people live in the additional rooms. At the end of year one, I paid about $6500 in total out of pocket to cover my mortgage (had pmi, tax, & insurance all built in). On year 1 tax return, I got my $6500 back (pretty much). Year two is closing out now and it has pretty much been the same deal and I expect to get similar tax return for 2017.

I just listed my property and now based on actual market comps (not Zillow or Redfin).. it is listed for $550k. I owe $425k on my loan so basically I have a gross gain of $125k. After RE and a few costs are paid (assuming it closes at asking price) I can walk away with about $80k. From the time I began to now, I have managed to save up another $20k.. so that's basically how I will find my next investment (100k).

Stay hopeful and if you live in your own property, you don't have to worry about capital gain taxes or having to do a 1031 exchange.

Goodluck in your investments.

The way this thread is going, it may be better to just close it if it doesn't stop.

The attitudes--including yours, Raeshelle--ALL need to stop. This thread is becoming useless.

@Raeshelle C.

Whenever someone asks this question, I immediately search for their location and say -- if I were in those shoes, what would I do?    You have a  HUGE step up above others in that you can house hack,... I would 100% buy this unit.. 3% might be kind of close to your max, but the cash flow for FOUR   units  rented will easily offset it!    If they are already lived in, they might need some updates, but it shouldn't be a lot of rehab.

9 beds5 baths3,071 sqft

FOR SALE

$329,900

Price cut: -$5,000 (11/2)

@Raeshelle C. I think you have great passion and drive.  I would suggest partnering with someone also so your money can go further. Look hard to find an off market deal. I started with 10K :-)

 Some people cannot be helped.  

Good luck to you,  You will need it.

@Raeshelle C. You posted on here to gain the advice, suggestions, and knowledge of others.  But it appears you already made it up in your mind that your opinions and beliefs are all that matter.  No one who is apart of this community wants anyone to fail, we're all here to help each other.  2 minutes spent reading this thread, and it seems like you came here looking to argue and close minded to others points of view.  A little humility goes a long way, if you are the one asking for answers and someone gives you information you know or feel is wrong, just thank them for their input and move on.  No need to insist they are mis informed and calling people smartasses.  After all, they are just trying to help, as is everybody on here.    

I'm perplexed why you asked for advice, if you had no intention of accepting any?

So far, replies on this thread have fallen into one of two categories.  First, actual helpful advice, some of it quite detailed, that you have rejected out of hand because you don't like what people have to say.  Second, lots of "You go girl!" posts that offer nothing actionable, but you like.

Mine was the first reply.  I stand by my advice.  

You frankly don't have the money to pursue your preferred approach, so you either need to make more money or try a different approach.

No one is trying to be mean to you.  No one is trying to discourage you. The idea that people are just trying to keep you out of the business because they are afraid of the competition is laughable.  People are trying to help, by giving good advice.  And you are rejecting all of that advice, in a derisory tone, because it isn't what you wanted to hear.

Honestly, from your posts it seems like I was too late with my advice, and you are already paying a "mentor."  This is too bad.  That is money that could have been spent on actually getting into a property instead of spending 4 years learning without any actual doing.

You need to decide how badly you want this.  If you truly want it, you will learn to accept advice when it is given, with a gracious spirit.  You don't have to act on it all, in fact you will not be able to act on it all because much of it will be contradictory.  But you need to listen.

I recognize several of the names of people who have given you advice.  They have massive amounts of experience and have had great success in this game.  I have had some myself.  But you not only reject that advice, you belittle it.  Does that seem like the path to success to you?