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Have you ever seen those infomercials about buying houses with "No Money ?" They are nicely done. They've got all kinds of people offering great testimonials about that have gotten rich, buying rental properties, with never any money away from their pocket. You see this guy, looking at a street corner, speaking to someone, as well as says, "I own that one," pointing to a nice colonial. "I also own that one next to it, along with the one two doors down, and I'm going to be closing around one directly across the trail from it, next ocassion." He then assures us which he has purchased 17 homes in final eight or ten months, with zero money down on the condos. Plus, in many cases he's also paid no expenses.

Soon, this became the norm, not the exception to this rule. There were constant problems at my houses. Unhappy tenants brought about poor repair of the property and extra maintenance situations. About one year, after I had amassed 26 houses, I realised i was having problems with roughly 10-15 houses and/or tenants 7 days. I was evicting at least two tenants each month, and approximately four to seven tenants were either behind on rent or paying whatsoever. Promises were made, payment plans arranged and few, if any, ever followed over.

It didn't take miss me to realize that that was no technique make cash in real property. Consequently, I got rid of these houses as fast as I can. There were plenty of buyers, willing to take over my headaches, because experienced the skill to make it work, they believed.

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