How to Get Your First Rental Property

She gave at least 12 steps to your first rental property. You guys, I talk to people all the time about real estate investing, but I've never met anyone as passionate and giving as Christina, even at the end of the show for all the listeners, she leaves something of value for absolutely free. So let's get started, Christina, welcome to lighting up real estate. Hello. I'm excited to be on your show.

I am so excited that you agreed to be on this show because you are talking about one of my favorite favorite topics, dear, to my heart, being a landlord also how I love being a landlord. And you love it so much that you wrote a book about it. So, yeah. And anybody that writes a book about being a landlord, I definitely want to interview because you love to talk about being a landlord and real estate investing. I do that. That's my passion. And I love to tell people that it's simple.

If I can do it as a single mom, they can't also , um , you don't have to be a real estate agent. You don't have to have a business license or you don't have to have a substantial amount of money to invest in real estate. Absolutely. Absolutely. So how did you get started into real estate investing?

So I , of course I had a couple of options. I could a pay off all of my bills and possibly get them again or B that was the perfect opportunity to invest in real estate. So I decided to take all of those funds, including some additional funds out of pocket. And I purchased my first Investment property. Um , I put 20% down. Um, the property was 47 five, and today it's worth about $130,000. So that was one of the best decisions I could've made.

Um, during the time, of course we never see anything positive when we're going through dark times. That was definitely a hard time because I was laid off from my employer. Um, I ended up finding another job in corporate, but that one decision has allowed me to purchase more rental properties.

That's when I knew I had to do it. Not investing in real estate was not an option.

And it was like a lot of other rubrics I can't think of right now at this time, but it was just so easy and I'm like, that's it? And I just did the exact same thing you just said. And that's how I was able to get mine. And so a lot , I think a lot of people have misconceptions that it's just so incredibly hard. Like you need so much money down when you really don't. Right.

You can get a triplex, which is three doors. You can get a quad Plex , which is four doors, or you can get a multiuse building, which means commercial at the bottom is residential at the top for 3.5% down. So what you can do is you can live in one unit, you can get an FHA loan and live in it for 12 months and then rent all of your units out or all sides out. So that's an inexpensive way to get started.

So for me, if I wanted a multifamily unit, $400,000, if I'm not living in it, I have to put 25% down, which is $25,000. Plus closing cost. If I use an FHA loan and I live in it for one year, that same property, I put $3,500 down plus closing costs . So I tell people, you choose, do you want to put $25,000 down to 35 ?

And so when I worked with my clients and they're single, I put in their mind like, okay, I know you're going to be a homeowner, but let's , let's convert. This become a real estate investor. This is you. Let somebody else move into those bedrooms and pay off your mortgage. And then when you get married, you're not going to stay in this house anyway. Then you rent it out, but you've already been an investor. So now you're just renting out the entire house instead of a bedroom. Love it.

Yeah. It's funny. Sometimes they have some issues, but they work it out because at the end of the day, they're like, Oh no , after they leave, I'm getting somebody else. You're going to find me another time . Okay, good. That's what we need to do. That's amazing. I'm excited that you're spreading that knowledge and planting. Oh yeah. Oh yeah. Cause this is just not enough conversations like this.

Yes. And I , one thing that I love to do is like my passion and my purpose is I just love to have these uncomfortable conversations to just think outside the box, because like I can talk to you literally all day, we have talks and it's just like, we've been knowing each other because we're talking the same language about just well assets, you know, and, and real estate and how to make that passive stream of income.

Wow. And then what I always tell people, what we don't know can hurt us in our parish due to lack of knowledge. So I will continue to spread the word. And I was so excited when I came across a likeminded individual like myself, so yeah. Oh yeah. Oh yes . Okay. So you get the first deal. So now what made you decide to create this book?

So last year I decided to create another Microsoft word document, teaching people step by step , uh , in regards to what they needed to do to purchase their first investment property or a portfolio of investment properties that I jokingly called it. My ebook. I'm like, I'm going to send you a copy of book , even though it was a Microsoft word document. So a lot of great feedback regarding that document that I would sit at send-out . So I just decided that to make it a book. Why not?

Wow. And so you are actually here today because we're just going to talk about what you believe are like six steps to getting started to get your first rental property. Yes. Awesome. Awesome. Well, I am ready when you are.

So as far as purchasing your first property, I tell people, even if you don't have the funds today or plan it , right? So when it comes to your down payment, I tell people you have to be creative. It doesn't have to come from one source. Right? So what you can do is you can either, you can take a small portion from your income taxes. You can do a 401k hardship withdrawal, or you can do a four, one K loan and pay yourself back. You can get a personal line of created .

You can get a signature loan. Um, I'm a , so you can borrow it from a family member. Um, you can get a cash advance on your credit . A I only recommend doing a small portion and if it's like Twitter, 15 months, no interest. Right . So I tell people, you have to be creative when it comes to , uh , coming up with your down payment. It can, it can come from all of those sources that I just named. And those are only a few tonight. Nice , nice . And you're exactly right. You're exactly right.

Okay. So once we have our finances together, is there like a timeline where you think, okay, I can't, would I be able to, to get a house if I have no money right now by the end of December of this year? Or is it usually a six month window, a year window? How long does it generally take to get from not having anything to owning your first real estate property people? What they do is number one set goals.

You have to make sure, of course you have a creative , uh , the appropriate creative score for the FHA loan. Usually they require a six 40 credit score. So I give people tips and suggestions regarding raising their credit score, make sure they have the appropriate credit score, tell people to go out there and just look on the market and look at the sales prices of houses and play with the mortgage calculator that would tell you how much you have to put down on the house.

I tell people, although you don't have to be a real estate agent , um, to invest in real estate, when you do purchase any property, including an investment property, reach out to a real estate agent because guess what? You don't have to pay for them. So those are certain things they can do with forest planning. They can also reach out to different mortgage companies all over the United States and just ask them general questions. Um, okay .

So what down payment do I have to have and how much will I have to have for closing calls and just general information. So when it's time for you to get your house, you'll be more prepared and it would be a easier transition.

So I recommend that if you're going to look for a property that's in another city or state, just go to Facebook and find other investors in that area, reach out to them and build a , um , a connection with them. They say your network is your net worth. And then number two, find the property manager and then just take action and make the purchase.

Uh , number two, I'm here to serve my tenants because guess what? They are purchasing the houses for me. Wow . If you think about it, they using your mindset. Yes. So what they do is that they'll give me, we'll just use an example. Just say, for instance, I'm on one of my rental properties, the mortgage may be 700 and of course, if my mortgage is 700, then I may charge a thousand dollars for rent.

So I'm going to take that thousand dollars and I'm going to use 700 to put down on my mortgage and then I have $300 left. So actually they are paying my mortgage for me. So I don't, I don't recommend this, but for me, I'm just laid back. So I don't charge my tenants late fees. I don't either . Not only do I not charge them late , these, if they have any issues regarding repairs, I handled them immediately. So some of those things helped me keep longterm tenants. I'm not the way from hell . So

If you see people standing outside and hanging out at night and I interviewed the neighbors. So if I see a neighbor that's outside, I just asked them a couple of questions. What type of neighborhood is this? Um , do you have any, you know, is this a good neighborhood or how long have you been out here? Um , I make sure all of the neighbors don't have like junk or old cars in their yard. Um, even before I decided to ride by a house, I look at the street view.

So if I look at the street view and I don't like what I see, then I don't waste my time. You can also strategy emergency phone number for the police department and get like a history of calls that has been made on that street. So those are some of the things I do to select a good house.

So let me ask you is one of your rubrics, everybody, every investor has different groupings from how they choose their homes, because it sounds like what I tell my clients when they're buying their first home to live in, it was exactly what you just said. You Google it, you drive by day and night. You talk to the neighbors. So do you look at your properties as if you were going to live them yourself, even though you're going to use these for rental properties?

Yes. Well, when it comes to the houses or one of the most important things is making sure my tenants are in a good, safe neighborhood right now , when it comes to the condition. I don't look at that heavily because guess what? I look at it as a diamond in the rough and I'm gonna make it to what I wanted to be sure when it comes to the area is the area that I would live in when it comes to the condition, as long as I'm getting a good deal.

Um, and as long as it is the dominant a Roth , and I see a lot of potential, then the condition is not as important because once I purchase it, I am going to make the appropriate updates to the property. Okay. Nice. Nice. Okay. So now we're onto what number four. Okay. So we're , we're , we're going to, going to go back. So another method that I like teaching is FHA. They have something called the two Oh three K rehab . I just discovered that last year.

And that, that just absolutely blew my mind. Because number one, it would give you up to $35,000 for repairs. And number two, not only that, it , they will also finance your , your house or the mortgage and they'll make it one loan. So you have your mortgage and you have the loan for the repairs combined and they'll make it one loan. So not only that, they will assign you a project manager that will walk you through the process. I heard it's a lot of paperwork, but who cares?

Um , any addition to that they have the contract was that our two Oh three K certified. So before and your , your , your project coordinator, your project manager, she's going to hold your , or he's going to hold your hand throughout the whole process. So all of the repairs are going to be done before you even move into a house, but when you think it doesn't get any better, so we're just going to use this scenario. Okay? So we're going to bat $100,000 .

We're going to put $20,000 worth of repairs in it. As soon as we move in, it's worth one 60 because of the market and because of the equity. So what a lot of , well , a lot of investors do, they live in it for two years and across the board, anytime you occupy a house for two years, and then you sell it, you get to keep your profits and you don't have to pay uncle Sam. Now, the details.

So they live in it for two years and then they walk away with an, a substantial amount of money, highly recommend it's free dollars. Oh yeah, yeah, absolutely. That's some great points you just mentioned right there. And the thing is with a two or three K I think is an amazing package. And unfortunately in Atlanta, it depends on where you are in Atlanta. It's extremely hard.

So I just want to be realistic with the people that are in Atlanta, in the city, because a lot of investors don't want to wait that long of a period for the two or three K level . Because when , you know, because of course gentrification in certain parts of downtown Atlanta, they want those wholesalers that can close the deal or those investors that can close in seven days.

Why , you know , typically with those two or three, Ks is worth it for a buyer, a first time buyer, but it takes about 30 days and something . And I've worked with clients before. We've always had the , we just got lucked out and we had to buy an existing home. I needed like minor cosmetic repairs because we couldn't get in that two or three K the agents would not allow the no , that's too long. I'm like, Oh, that's a great deal. Yeah .

But the sellers, yeah , the seller is unfortunate, but I think it is an amazing package. And it's just all, it's all location, location, location, like what you said, because if , uh , if they, if , uh, if an investor wanted to take advantage of that package, you would definitely have to do your research on where the market is not moving as fast and you can get the property and not have to worry about somebody else out beating you or going into multiple offers.

And the seller taken a somewhat of a quicker deal just to get the money sooner than later. Oh, wow. Yeah. That's amazing. That's good information. I'm also tell people that , uh , what you can do when you screen your tenants, you can actually call the local courthouse to see if they had any previous evictions. Really. You can call them and see if they have any previous event evictions. And also you see if they have any civil lawsuits so you can see, okay, do they owe any credit Corp companies?

Do they owe all , any medical bills where they Sue by other another landlord? So all of the information is free and it's open to the public. You just told me something. I didn't know. Cause you know, usually what we do is pay $50 for those background checks. When you could just pretty much just call the courthouse. Yes. Yes. And then I tell people, when you select a tenant, I look at the overall picture. So just say for instance, they don't have the credit score I'm looking for.

I look at their credit report to determine, okay, so why is your credit score this low? If it's something just like medical bills, then of course I'm still going to give them a pay . So I look at the overall picture when selecting a tenant. Yeah. Yeah. I agree with that one. Cause I , I was, I interviewed a tenant alert.com, a company out of California that does background checks. And we both agree that when we look at these background checks, as long as it tells a story.

Yes. You know, and it just makes sense then. Okay. I'll I can let you be a tenant. You know, we can work this out because it's making sense, you know, the credit. Cause she was like, cause one thing she said was when you look at the report, it can't be anything consistent. Cause you asked that story like, so what happened? And if the story matches the credit report, then they're being honest. It's a story that's being told.

But if it's, if they're saying something totally different, like this is not the same person that's going to report. She said run. Not because they're not being honest about everything on my credit report. But if they, if the story matches up to that report, then yes, because we know that they don't have perfect credit, like you just said. Yeah. And I tell people, life happens to everybody. I tell people, if you all don't have a good credit score, then there's this fixable, right? Yeah .

There's fixable that you can do certain. And I have a patient with teaching people about a good credit. You can do things such as , um , get a secure credit card . If your money that you're putting on there , um , you can get a security core for about $300 and then you can use it for something you need like gays and put $10 on it every month, pay it on time. So if you pay something on time, that accounts for 35% of your credit score, which is a high number.

So if you paying it on time, then your credit score , restorative increase. Number two creditors like for you to use your credit core book under 30%. So I tell people, whenever you're approved for a credit court , you look at the approval amount, you multiply it by 30%. And as long as you stay up under that number, then your credit score was store to increase knife . Yes . That's a great point. Thank you. And it's one more thing. I like teaching people.

Um , a lot of people think, okay, so I'm going to purchase a house and I'm going to get any, get any up . I'm a sand , the mortgage, and I'm going , um , sign it for 30 years just because you have a 30 year mortgage doesn't mean you have to stay in your house for 30 years. So I tell people, if you don't participate in one of those down payment assistance programs, what you can do is Linnet live in it for 12 months and then you can transition and make it into a rental property.

So that's one of the methods that I use. So what I do is I stay in houses for at least 12 months or more. And then I move out and then I make it a rental property. And you may ask, okay, so what else do you have to do? All I have to do is pick up the phone, comma, own a homeowner insurance company and let them know that it's so rental property and it's that simple. So instead of me putting 20% down, I put five to 10% down on my properties. I love that strategy. Thank you.

Yeah, you are really giving it. You are serving it tonight. Thank you. Thank you. Okay. So what would be the next strategy or step to buying your first rental property? Okay. So my passion and what I teach people is my specialty is purchasing rental properties. And I love pro I love rental properties because it's passive income, right ? So it allows me to make money in my sleep or I call it pajama money. So, but my next project, I am going to do a flip for the first time.

Okay. So are you going to fill it or you're going to hold , you're going to flip and sell it or flip and hold it. I am going to renovate it and sell it. It's probably going to be a buy and hold or run a poverty. Definitely excited about that. Um , that's not passive income, but guess what? It's going to give me the ability to walk away with a lump sum of money. So I will use that lump sum of money and buy additional rental properties. So you have a strategy? Yes. I always have a strategy.

I always have a strategy. A lot of times people asked , okay, what should I do? What should I do? Should I flip first ? Should I buy and hold first should a house. Heck first, should I buy a property order ? $40,000 first ? And I tell them, it all depends on your goals or how much money you have. But at the end of the day, you can do all over me at some point in time. Yeah , I agree.

And the thing is to please , a lot of misconceptions about even just getting into real estate investing period, because you should a great story that you took advantage of you having access to your retirement. You said a chance, and this is how you gotten in. Yes . I remember interviewing someone and they said they had no money, but they saw a house that was sitting vacant and they realized that they could somehow get in touch with the seller. Then they found a buyer.

They were the middle person, which is also AKA the wholesaler and they made their first. So it was kind of like there's opportunities to get in. If you just take advantage of it or see the problem, pretty much, if you just find a problem, you can make the money. So when I teach people is real estate. When it comes to real estate or anything, you do, you have to be the resolution to someone's problem. There's so many methods and so many ways to create a real estate.

Um, most cities have something called the Rios , R E a I, you can go out to Google and find the real in your city is a city close to you. And you can just reach out to other investors and start that relationship. Ask them questions on how to get started. Yeah, I agree. Cause it's all about surrounding yourself with other investors and that's, and that's really all it took because if you really just like how we're talking right now, you're going to catch something . Something is going to click.

You're going to hear something and say, Oh, that makes sense. I can do that. And you planted a seed and didn't even realize it. Wow. Okay. So one more thing. I like to tell people, if I can do it as a single mom, I had my first child at the age of 17. Um , I own four houses and I own two pieces of land on my 12th grade year. We lived in a two bedroom project and it was eight people living in the same household.

So I like to tell people if I can do it, if I can break that cycle of poverty , poverty, then they can do it also. Wow. Wow. So let's get into that. If, if you can do it, they can do it also. So this goes into mindset, money, mindset. So what was it or what , what transformation had to take place? Cause it goes from one thing from being a person that wants to buy nothing, buy liabilities . So now we're doing nothing but getting assets .

So do you know or remember what it was or what it takes pretty much for anybody to go from here to there? I've just always just wanted more. I've just always just wanted, just wanted different. I just can't explain it. Even like now I'm telling myself I'm going to be the first millionaire in my family. I just dream big. And I just think big and I teach others to dream big and to think big. And I tell people is , is bigger than me. It's not about me. It's about my friends.

It's about my family members. It's about my kids . I want to show them something different. Um, somebody said, if you sit at the table and you can't feed everybody else, then you're not doing anything. So what I do and why I do it is for everybody else. And not me because I'm real thrifty and frugal. I can live in a one bedroom and be happy, but I have enough money to help others around me. Cause a lot of money to help people see when you have money.

That's my, why my, why is to go and also in the inner city schools and teach them the importance of financial literacy, how to purchase their first home and how to purchase rental properties. That's the goal. And that's something I have a desire to do full time. One day. Nice . They say each one, teach one. Yeah. The torch. That's why I'm here. Yeah, absolutely. And you're definitely serving your purpose. You are serving right now. Thank you.

Okay. So now that we have the first property, how do we know? It's time to get the second one? Sure. Okay. So everybody, I talked to all of the investors I talked to, they would tell you, after you get that first property is addictive and you're going to want another one and you're going to want another one. You see how simple it is. So the first property I bought, of course I told you it was, I bought it for 47 five at that deal repairs. I had a lump sum of equity in it.

So guess what I decided to do? I decided, okay, equity is money in the bank and that's my cage . So I decided to get a loan on that property. And then I used that money to get another property. And I just continued to repeat that process. Um , in addition to borrowing from that house, also making sacrifices by saving 50% of my income, it's called delayed delayed gratification. Now that is a conversation I haven't heard from anyone. Yes . Okay. So you intentionally, you didn't.

Wow. I hope that everybody in a suit , what you just said, because I think one misconception that people have is when you start real estate investment, you get the rent checks that you just go right to the mall with it like, Oh, here's my extra income to go get my nails done. Here's my extra income to go travel. Whereas you did the complete opposite.

Not only did you save the rent money, but you also were saving your own income that you were getting from your job because you had a strategy and a game plan. Yes . So what I teach people is you use your money from your employer. You invested to make it make more money or you invested in assets or something. That's going to bring you more money.

So like right now, my 14 year old daughter, she keeps begging me to get another car because my car is 15 years old, 300,000 miles, but it's still running and I love my car, but I tell her, no, I am not going to purchase a car with the money from my employer. I am going to get a rental property. And I am going to allow that to pay for my car note. So that's called assets over liabilities. So what the rich do they create an asset for each liability and allow that to pay for their, their car?

I don't know what to say. Well, you see my expressions cause I'm like, you are speaking my language and I'm glad you said that because I tell that all the time to my mentees veteran college, that that's how the wealthy stay wealthy. They never spend from their income. They use the money that they're making from their assets and that's how they always stay wealthy.

And that's how their children say wealthy and their children still just say wealthy because they're still getting the money or the profits from the assets that they currently have. So we've been doing it backwards. Yes. We have been taught to consume. They have that . They have to change the mindset. And I read it . I don't think people know the power of real estate. So let me give you an example. So I bought a piece of land for $2,200, a piece of rolling that youth .

It has heels , Hayes , trees. It has brushed it's undeveloped land. I could have took that $2,200 and bought a purse possibly, but that's just not. And that doesn't make any sense. So I decided to take $2,200 of my money. I got a portion of it from my income, Texas. And I bought that piece of land. Don't you know, that piece of land is worth $30,000. So I knew that one day it would pay off and maybe a contractor would probably come and buy from me five, 10, 15 years from now.

So I looked at it as a longterm investment, not short term. Well guess what? I've just discovered. I just had a conversation with a banker or a lender and they said, Hey, on that piece of land that you have the hash trees, we will give you a loan up to $25,000 on it. So I decided to go through with that , uh , that, that offer, I would definitely use that $25,000 to buy another rental property. So I never thought that it would benefit me today.

So I like to tell people that there's power when it comes to land, because guess what? They're not making it anymore. You're not, you're not . And you just, and like you it's so many lessons in that story you just said, because you don't wait to buy real estate, you buy real estate, then you wait yes. Hundred dollars. And they will loan me up to 85% of the value. So guess what that told me, Oh , I need to go and buy some more land. Absolutely.

If y'all are going to give me money for this land that I'm not going to use anytime soon and it's just sitting there, well, I'm going to buy more land and I'm going to get more loans on it possibly. And I'm going to use that to purchase more properties, which is going to bring me money each month. Right. Right, right. And I think that's a , definitely something, an answer that people don't pay attention to because it's so extremely cheap.

Just like we were talking about mobile homes earlier is how cheap land is. Yes. It is extremely cheap and we don't take advantage of it. And I'm like, if you don't own anything, please just own a piece of land before you buy a Gucci bag, cheaper. You know, I have those conversations like, okay, before you do that, can we have an asset first just bought a piece of land. You don't have to do nothing to it. You don't have to cut the grass just by and say, I own

Yeah. I just, I love what you're doing. I really do. Okay. So with rental property investing, we know when to get the next property. Yes . Do you have a theory as to how many properties one should have or do you have the theory of you equate it with how much you want to make when you retire?

And then when you retire, then you can start taking all that profit as much as you can from those homes that you own. But I just think we're backwards. If you want to make $30,000 a month off of rental properties, that's how many properties you need to get and you can do it. You just repeat it over and over and over again. Wow .

Like that's a strategy I even thought about doing, but that's why I love to talk to real estate investors all day because they always have a different strategy or way of thinking of, you know , their next move or what they can do with that one house. Cause I still say it.

I'd probably say every podcast interview is if you , one thing my mentor told me that , that I just love as you put seven investors in front of one house, I'm going to have seven strategies, seven methods of doing , uh , what they're going to do with it. Seven ways. They're going to come up with the down payment or how they're going to pay for it . Seven different ways of like how they're going to make money with it. And it's seven different goals with it and they're all going to be amazing.

And it's all going to work. That's what I think is just so crazy about Ruth . It was this one house.

Talk about some money. Yes. So let's do financially lit. One-on-one where you're the teacher. Okay. And you were going to school us on some money. Okay. Strategies, lessons, whatever you want to share with us about money. So my first question is we've talked a lot about books already. What was the book besides her step for that , that changed the financial game for you? I would definitely say the Bible.

Um, I would say the Bible and the principles I learned from my pastor , uh, about the importance of financial freedom and the importance of helping others in sowing a good seed. Nice. Yeah. So what was one lesson in the Bible that, that you, you take? Cause I always talk about , um, your children's children, the wealth , you know, for planting the seeds for your children's children. And then of course the first thing that, you know , God said, be fruitful and multiply.

Wow. So that, that's my favorite one about multigenerational wealth. And plus having multiple streams of income is being fruitful and multiplying that , that $1 we need to split it. You need to be making about $10 from that one. So let's go multisite things I like is the parable, the parable that talks about like, it was, I don't know what person they had money and they didn't do anything waited . And then another person and now they had money, then they grew it.

So I'm the one that loves the flip of grow my money. And then I can tell people I get money from my rental properties. But when you say multiple streams of income, so multiple streams of income that doesn't necessarily mean going to get full time jobs. Right. So of course, everybody knows I have a patient for real estate. So real estate is bringing me money to buy my rental incomes. Right. Give me money from my book that I created. Right.

Okay. It's bringing me money from my tee shirts that I'm selling . That's related to my book about real estate. Absolutely. It's boring. Give me money from coaching calls about real estate is bringing me money from speech speaking engagements about real estate. Absolutely. So I'm getting multiple streams of income from one patient, which is real estate. Absolutely understand that don't take don't chase money, but chase your passion, the money will come. Money will come. Absolutely. Absolutely.

Okay. So what financial lesson have you learned with COVID-19? Okay. So one lesson I've learned from that is to figure out ways to create more money, right? More streams of income because of one frame stop coming in . And then you have other streams of income still coming in , um , to make better decisions when it comes to my finances and try to save more, I would love these moves and your mindset is this amazing.

And I like to that you are not, and I'll be honest, you're in Atlanta and in Atlanta, you're easily caught up to , into being , uh, at Lenox mall. Yeah . Driving the car, having that look. And you're just like, no, that's not, that's not what I'm about. I want the assets over person and the liability. Yes , yes, yes, yes . The purse I say, well the property is overweight bottoms, right? Ooh. There's a tee shirt for you. Yes. Yeah . You gotta make that one. That's on my to do list.

Yes. You've got to make that one right there. Okay. So when we were talking earlier about men multigenerational wealth, yes. How do you plan to lead multigenerational wealth for your children's children? Wow. So that's the thing about it. The beauty of real estate is once I pay us, cause we all got to go someday. I'm going to pass those houses down to my kids. So guess what?

My kids are going to generate income from those properties, this wasn't , then they can pass those down to their keys and their kids can pass those down to their kids . So that's the beauty of real estate can keep them around forever until you decide to sale . I love it. I love it. I love it. Okay. So next question. You've talked about COVID we've talked about multigenerational wealth. What is your ultimate goal? Okay. So, and this also let's go back to COVID.

So doing COVID one of my , my tenants. They reached out to me and they stated, Hey, I can't afford to pay my rent. So the good thing about it is the mortgage company. They offered me a forbearance, so that forebearers allowed me not to pay my mortgage for X amount of months. But guess what? I have access to a personal line of credit or I have access to money in my savings account. So that gave me the ability to continue with my mortgage payments. Nice, nice. So, no, I am 41 years old.

I just turned 41 a couple of days ago. So my goal is to be retired when I'm 45 or before that time and just go around and just spread the word about generational wealth. Um , just spread the word about purchasing rental properties. Um, just teach it to the world and let them know that, Hey, it's easier than you think. Um , if I can do it. So can you, I love it. I love it. Thanks. So Christina, how can people reach? You? Sure they can reach me on Instagram.

My Instagram name is Tina, the home investor, and also they can reach out to me on Facebook, Christina, [inaudible] Christina that's C H R I S T I N A, and I am offering all of your listeners a free consultation or a free coaching call. Love it, love it. We thank you for that. You're welcome your way . You guys take advantage of this. She is so passionate about what she does and she has so much knowledge. That call will not be wasted. She will plant so many seeds in.

You do not take this opportunity lightly. Wow. Thank you. So when , when anybody reach out to me, these are some of the things I asked them. What are your goals? Number one, number two. Are you currently a home owner? Number three. If you are a calm owner, do you currently have an FHA or conventional loan? Cause I tell people for the most part, you can have one outstanding FHA loan at one time and you can have multiple conventional loans. So me knowing that information is important.