what to do - Posted by Star
Posted by Star on July 30, 2003 at 12:04:00:
hello creonline people.
I was layed off a year ago. I have good credit but my cards are maxed out from living off of them. I do have some real estate smarts and I’m not afraid to try but how is it possible to do anything with real estate if there is no strong base of having a job. Am I dumb enough to even try from where I’m at. I don’t own
a home but I have one lease optioned which I live in with my two daughters. I find it very stressful because I can.t buy the things I’d like to buy for them. They keep rubbing it in my face, sometimes I get angry because Im doing pretty good considering my situation, oh well, thats another story. I am interested in some ways that I can get a little bit of extra income. I need to get started. Oh yes, I am going to get $3000.00 within the next 30 days do i put $1000 in 3 banks and borrow to build myself up? I would like a business line of credit, do I sock it away, Do I put a downpayment on an investment property. Money is tight I don’t want to lose that money. Do I convince someone to trust me and get another lease optioned home and sublease and charge them more than the rent I’m paying to make money that way? Where do I start? With that money coming in 30 days I feel like a monied person. For the past year I’ve been letting 2 rooms in my home but I don’t like that idea to much. Please give me some advice. I know I know the answer, but right now my mind is in a turmoil and I feel a little tired and overwhelmed buy all the brainstorming I’m doing. Im 55 now and I know there is a better life for me and my girls than In have now. Thanks