We Now Know What’s Not Working For You!
Your Credit and Budget Fundamentals Need To Be Addressed, NOW (Right Now)!
I like to offer a strategy session to find out what’s not working in your real estate investing. From the strategy session questionnaire, I can see that your investing budget is low, and that’s the initial cause of what’s keeping you from getting started. This needs to be addressed first before starting on this investing course responsibly. Secondly, credit repair needs to be a priority. These are two areas that will keep you from investing, and need to be addressed for. For that, I have some very helpful resources and target goals to give you so we can start the process. Basically, you have a budget and credit problem. These fundamentals are NON-NEGOTIABLE and need to be addressed if you want to get started on real estate investing.
If you have a tight income (not that much left over each month), the best income target to invest in this price range (for down payment and renovations costs) are:
Cash on hand: 14k and up
Credit lines: 12k and up ( most with promotional 0% balance transfer offers)
Credit Score: 680 and up (to qualify for most mortgages/loans, refinancing strategies, etc)
In order for me to feel ethically comfortable encouraging you to invest in this price range, you have to have a reasonable amount of savings and credit access. Having less this than this is putting yourself in a vary risky position and isn’t smart investing. I am more focused on the real estate investing side than the personal finance side at this moment. If you reach these targets are available for your investment, please feel free to reach back out!
Some Free Rental Capital and Credit Building Resources For You:
I work with two people now in partnership to get you your first rental property: Dominique Brown and Monica Louie.
Dominique specializes in credit repair and budgeting (here is a sample video) and he bade me to tell anyone who wants to get their first rental (build the capital/credit) within the year to call him at (703-298-3803) directly or schedule a free session with him here if calling directly is an issue (this is just for AfforableREI members since he knows we specialize in gaining capital and credit so we can invest).
Monica, of OUR DEBT FREE FAMILY, focuses on first time investors building up their capital (ex up a free 20-minute Power Session with Monica to go over how you can achieve this goal. It’s http://www.ourdebtfreefamily.com/AffordableREI20). She also set up a coupon code for $20 off that is good on any of my services. The code is AFFORDABLEREI. She started helping people get their budget in order by helping her coworkers pay off $49,000 in debt in 18 months. From then on, her mission is to help people understand YES, THEY CAN DO THIS TOO!
Both of these resources are working with us to give you a detailed step by step plan to get to your first rental property for FREE!
Can you check them out and see if they are helpful resources, or not? If not, let me know if there is something else you’re looking for – i have a large network now, so Im sure we an find others if you find these arent exactly what you need.
Lisa