The affluence divide of Rock Creek does extend all the way down into DC as well, though the eastern side of the park has been up and coming in DC the past decade with Petworth and Columbia Heights turning into desirable neighborhoods.

The judgment recovery company goes through years of time to recover some of what's owed and it's a grind.You can sit on a judgment and it keeps growing and you renew it depending on state laws until one day the debtor has the ability to pay and possibly contacts you for a settlement.The 50/50 is the judgment company typically spends their own money and what is recovered over time is split 50/50.

You will spend countless hours trying to meet with the tenant!

., which can add up to be really big bucks that we investors wouldn't normally ever spend (who cares about driveways?

Absent spending all cash, you will not find a much cheaper option that a HELOC.

The 50% rule doesn't apply so you are going to have a higher cash flow because you aren't going to be spending 4200/mo in expenses!

Year 3 is going to be $16,000 x 5%....etc.At this point, I have more stable cash flow, so I think I would either ask for variable payments with the minimum being 'interest only', or try to extend the payment period, but you may find that difficult given the specter of higher interest rates in the future.In another instance, I am working with an investor to complete a flip.

If it comes from someone with experience, be grateful for the person extending a helping hand - and grab that hand, don't slap at it.

They will always offer the basic 30 year and 15 year fixed, along with maybe one version of an ARM (the safest one, that most people chose).If you want something more diverse, than a broker can locate a lender that offers multiple ARM loans (3, 5, 7 or 10 year ARMs) or a loan term such as a 23 year fixed (this is handy for people that want to refinance but not extend their loan term).

I've had tenants sue me for 15k after spending one night in my house.