Another newbie giving it a go - Posted by Lisa
Posted by Lisa on December 16, 1998 at 02:37:31:
Hi folks, just a quick introduction from another newbie who wants to give real estate investing a go. I live with my husband and kids in northern California. I’m a professor, my husband is an executive, so we make a good income. Our shortcoming is extensive student loan and credit card debt due to legal fees related to an adoption we did a couple of years ago. We have never owned property and don’t yet have money for a down payment (we’re still climbing out of our hole).
So, I’ve been studying the Sheets course, lurking this newsgroup, reading ads in the paper and online, driving around neighborhoods, and just generally getting an education about a world that was unknown to me a month ago.
I feel pretty comfortable with the idea of calling sellers, inspecting properties and making offers, but I’m clueless about obtaining mortgages (housing is in high demand all around me; seller financing, l/o, etc. doesn’t appear to be something most sellers need to pursue here). Should I focus on trying to obtain seller financing where possible and/or find a mortgage broker who can work with me? If so, where do I begin?
Thanks, I look forward to participating with this group.