Habitat then holds a "silent" second mortgage (due and payable if the house is sold before twenty years usually) for the difference between the mortgage amount on which the buyer makes payments (30% of income at the time of closing is usually the mortgage, tax, and insurance figure, paid each month for 30 years with 0% interest) and the appraised value of the house at the time of purchase.

The first is the term which tend to be multi-year and up to ten or twenty years with tenants having the option for one or more renewals at set rates and terms.Because of their long term nature many commercial leases also have built in increases in the rent which may be either a fixed amount, a certain percent or based on some sort of inflation index.The next piece is the structure of the lease which can range from Gross (tenants pay rent and utilities, similar to an apartment lease) to true Triple Net (or NNN where the owner pays the debt service and maybe the property tax but the tenant pays for everything else)... and everything in between.Another component is Tenant Improvements or TI and who pays how much for it and who performs the work.

Twenty years later, Lot A has finally hung a sign to sell the house, a corner lot with sewer in both streets.

I'd be hesitant to invest in any metropolitan area that has lost population over the last twenty years especially when you consider the U.S. population has gone up over 20% during that time frame.

Say you made these statements during the roaring market of 2004.

Our biggest challenge is starting with very minimal funds as we're both in our mid twenties and have spent most of our savings the last year travelling around Europe!

Marie, all fully rented with a twenty plus year rental history.

They don't think about the fact that their parents worked for twenty years to get that house.

You guys are doing so well at your age, I wish I was in that position when I was in my mid twenties.

Hello all.So, I'm young (early twenties).