Originally Posted by UnemployedVillain
. . .
Be honest OP, do you have criminal contacts lending you money?
In 2005, my dad had a stroke that permanently disabled him, and I offered to buy his house but couldn't come up with a down payment on my own. My grandmother lent me $10k, so I was able to buy it. That $10k loan was my lucky break that got the ball rolling.
This was before the housing crisis of 2008, so mortgages were being given out like candy.
I used the equity in the first house to buy the second for a bargain, and I rented it out. I used the equity in the second house to buy the third house, and I rented that one out too.
Then the real estate crash happened. It became impossible for me to continue any further. Luckily, my houses did not decrease in value, so I've been able to hold onto them ever since. Two of the houses had mortgages with really crappy terms but I was able to refinance one of them to something more palatable. The other one is still pretty crappy but I'm working on it.
I was making payments back to my grandmother, but she passed away so the loan was forgiven.
In 2011 I finally went back to college and became a CPA.
So that's the story of how I got where I am today.