Its like saying all fruits are apples; what about the poor orange, cherry, and grapefruits left out of the equation?

The electrical was compromised along with the HVAC, TV, basically anything with electronics.

That's how you scale your finances and develop multiple streams of monthly cash flow.2) If you want a liability (i.e. boat, TV, etc.) then buy an asset to pay for it.

Funny thing I just seen an ad on TV for some REI guru on "how to flip houses using others people money" coming here and would take your advice any day of the week than his.

That's a great find Dion, but....Are those Acts to installment sales such as a TV rent to own shop which is the same thing or specific to RE?

It could be a TV, furniture, a vehicle or real property.

I have a client that left his company 4 years ago and started buying in the high desert (Victorville, Apple Valley, Hesperia) and now owns over 30 sfr.

Our society is so full of distractions which result in mental clutter and inability to think clearly.Shut off the TV, get a mentor you trust implicitly, follow the mentor's directions closely and don't look back.

If I'm going to lose money, I'll just sit at home and watch tv and not lose anything.

The compensating factors here may have been the down payment, (LTV) and length of time on the job as well as credit standing and obvious personal management skills, especially if there were no other debts or if another debt would be falling off in short order, say like 8 months.A bank could fund that loan as a QM, it doesn't have to meet all Fannie Mae guidelines.The main horse of the CFBP was on TV this AM.