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Have you ever seen those infomercials about buying houses with "No Money Down?" They are effectively done. They have issues people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely cash out of their 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 little while." He then assures us that he has purchased 17 homes in lastly eight or ten months, with zero money upon the properties. Plus, in many cases he's also paid no closing costs.

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Because you may have guessed, everyone of these things happened to me, their had amassed 26 rental properties. In fact, oftentimes, all analysts problems happened in identical shoes you wear month. Now, for awhile (when Experienced about 10 houses), 1 person failed to pay rent, I could cover it with the nine other payments. Nevertheless when two, three and sometimes even five tenants didn't pay in sneakers month, it was devastating to my online business. I had to check out my business account and pay of up to $3,000 in the time in mortgage payments, with no income to insure it. Plus, I had to pay a house management company to get my tenants to pay or to evict that company.

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