In a previous post we shared with our audience the work we were doing with one of our customer that is ready not only to prevent been in the position she was when she reached out, but also ready to find financial safety in real estate.
We have had great success with her. She now has a clear understanding of her personal money management, by sticking to a monthly budget where she starts by saving money for a “rainy day”. She also learned approaches to decrease her fixed expenses, from utilities to non-essentials. Most importantly, her mindset has completely changed. She understands why she was trying to “keep up with the Joneses”, and she felt entitled to things that were not as important as she thought.
In the real estate side, with our guidance, she was able to find a very affordable property that is been financed by the previous owner. Our customer’s credit is very low so institutional financing is for now out of her options. The closing on this property happened very recently. In our next posting we will update you on the process to transform this house into a rental property. Stay tuned!