If you don't pay they have the power to foreclose and also to force payment thru a judgement if you ever sell the house.

One thing we know people have done is have a power of attorney so if there are docs that person could sign on their behalf if you are going to be out of the country a lot

(The rail that supplies the high voltage to power a train on an electric railway.)I'm not even sure where to start – first I am not an attorney, I didn’t attend law school, I “Lived” Law (experience) It’s not theoretical to me. ;-)I’ve only done Creative Finance Deals.

Every time I bring up looking at more properties, Jay gets overwhelmed.

Getting pre-qualified up front is so key especially for international clients so they have a clear picture of their purchasing power and there are no hiccups when it comes to closing.

To kill power for non payment they would need to access basemt.

Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.

also in the future this is what I do to see if I think a property is occuppied.1. drive by  2. knock on door.3. try to look in mail box if there is bunchs of mail thats an indicator.4. look at power meter if its running or not.5.

We have a decent amount of savings, at least enough for a down payment and closing costs on our next home, but the buying power just seems so limited in our area. 

I used to use Quickbooks and found it overwhelming - from the setup to using it daily.