Arturo-Jay
New Contributor
- Joined
- Aug 21, 2011
- Messages
- 40
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User Power: 23%
I'm new here, would like to introduce myself.
My name is Jay.
About a year and a half ago I decided to quit being a loser. I was deeply in debt from stupid financial decisions in my personal life, and business life. There was a few risky moves that were plain stupid and didn't work out. :smxE:
Anyways I decided to get a 9-5 "slowlane" job-job. My business was a drag emotionally and financially and I let it collapse essentially. So I needed any income I could get and worked 2 full time jobs, temp jobs, etc. This has been rewarding, because going out all on your own being self employed is risky. I'm gathering resources and someday I'll go back to being self employed.
I wrote down that I wanted to pay off the 7k in debt I had, and then buy a house (to live in for my personal residence) and then buy a 2nd one to rent out.
Well it's not that easy I realized.
I brought my credit scores from 590 to 666 and have 90% of all my debt paid off, and after this month I should have 95% of it paid off, yup. 8 months ago I did get pre-approval somehow lol, to buy a home. But the final approval was denied.
In 10 days I'm taking another stab at it.
Advice I need: How to get my first piece of real estate for myself and then get into rental properties, houses, apartments, condos, etc. Maybe I already know what I'm doing? Or maybe you have some information that I'm not aware of, tips, stories, inspiration, or something I just don't see.
Thanks
My name is Jay.
About a year and a half ago I decided to quit being a loser. I was deeply in debt from stupid financial decisions in my personal life, and business life. There was a few risky moves that were plain stupid and didn't work out. :smxE:
Anyways I decided to get a 9-5 "slowlane" job-job. My business was a drag emotionally and financially and I let it collapse essentially. So I needed any income I could get and worked 2 full time jobs, temp jobs, etc. This has been rewarding, because going out all on your own being self employed is risky. I'm gathering resources and someday I'll go back to being self employed.
I wrote down that I wanted to pay off the 7k in debt I had, and then buy a house (to live in for my personal residence) and then buy a 2nd one to rent out.
Well it's not that easy I realized.
I brought my credit scores from 590 to 666 and have 90% of all my debt paid off, and after this month I should have 95% of it paid off, yup. 8 months ago I did get pre-approval somehow lol, to buy a home. But the final approval was denied.
In 10 days I'm taking another stab at it.
Advice I need: How to get my first piece of real estate for myself and then get into rental properties, houses, apartments, condos, etc. Maybe I already know what I'm doing? Or maybe you have some information that I'm not aware of, tips, stories, inspiration, or something I just don't see.
Thanks
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