I have 15K still available for additional closing costs in the bank.mortgage broker wants me to do a 40 year mortgage on a loan for 185K.He thinks the interest rate would be 6.75%, claiming that my down payment of just 5% and median fico of 720 and income (800+wk after tax) combined generate 6.75% for a 40 year.

It cannot generate a decent rent roll, it can’t manage tenant information, etc.

That apartment building will generate a ton of spendable cash for you each month, after all expenses and debt servicing.

What forms should I have ready so he doesn't have to completely generate everything?

On a duplex you can't generate that kind of leverage that multiple units gives you.

So I generally just look for the areas where there cash flowing, and if I find something and when i do the numbers if it appears to be generating decent revenue.

I'd put it on the street in the form of private money---at 10% per annum compounded would generate I/O payments of nearly a mil a year...Regards,Scott Miller

I started looking for ways to generate additional income streams that didn’t involve trading money for time.

Commonly used by real estate investors to generate cash for making investments.

Here is a direct response ad I wrote recently that I thought everyone might find useful---Try this when you have a property that you can't sell...

I'm In Foreclosure---Profit From My Misfortune
I'm Giving Away 50K of...