Have you ever seen those infomercials about buying houses with "No Money Down?" They are nicely done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely cash out of their safety pocket. You see this guy, standing on a street corner, talking to someone, and he says, "I own that one," pointing to a beautiful colonial. "I also own that one next to it, and the one two doors down, and I'm going to be closing on the one directly across the street from it, next week." He then assures us that he has purchased 17 homes in dispersed in the remaining eight or ten months, with zero money concerning the properties. Plus, oftentimes he's also paid no closing costs.
It didn't take yearn for me to appreciate that this was no strategy to make benefit real personal. Consequently, I got rid of these houses as fast as We could. There were plenty of buyers, prepared take over my headaches, because experienced the capacity make it work, they believed.
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