Quote:
Originally posted by aflex
4k downpayment on 5 rental properties?
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Dude...that's not even that downpayment. That's paying in full for these properties. They're in rough shape. The last one I picked up spent 3 years as a crack den. I'm getting them from the bank and state for PENNIES on the dollar. The former crackhouse cost me $2500 AND I got a $15k grant from the state to make the improvements.
The neighborhoods these properties are in I won't even go to. I pay my cousin to manage the shit. I just collect the rent from Department of Social Services, because they're placing welfare moms in my properties.
