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Have you ever seen those infomercials about buying houses with "No Money Down?" They are rather well done. They have ground . people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely get 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 We are closing on the one directly across the street from it, next little while." He then assures us that he has purchased 17 homes in dispersed in the remaining eight or ten months, with zero money down on the properties. Plus, in many cases he's also paid no closing costs.

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Soon, this became the norm, not the different. There were constant problems at my houses. Unhappy tenants took poor repair of the property and considerably maintenance considerations. About one year, photographs had amassed 26 houses, I was having issues with roughly 10-15 houses and/or tenants few days. I was evicting at minimum two tenants each month, and approximately four to seven tenants were either behind on rent not really paying any kind of. Promises were made, payment plans arranged and few, if any, ever followed through.

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