Count me in!

I live in London and run a monthly property meeting. 15 years and counting.

And to make it even more of a game, I put a picture of a house on the fridge with boxes with a number (counting down) that represented each 1,000 left I owed.  

My strategy is going to be buy and hold multifamily rentals starting with a few units and then expanding my unit count and diversifying into various other types of commercial property.Currently I'm looking to use an FHA or 203K loan on my first acquisition or preferably an owner financed apartment building.

I do have one tenant who pays late every month and I charge them the late fee.  15 months and counting.  

One of the most recent shows talked about their living expenses and unless they do nothing but walk everywhere and never vacation and/or don’t count “extras” as living expenses I call some BS on it.     3.

And you can’t always count on new businesses or stores to come in unless pushed for by locals.

Also banks in our area want pre sales before ( for some builders they will do the construction loan) or in my case they will give me 12 specs loans but pre sales with 5k non refundable do not count against my 12 specs.. that's how I can build out a small community in 12 to 16 months..

Our plan was to rent it out, but we have the house on a 3% 15-year note and it would only break even or be a slightly negative cash flow (not counting debt reduction or appreciation).  

My utilization will be too high if they don't count rental income.