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You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

They exist and they will be worth the money. 

******** Posting as Amanda Sugay Alexander, using my partner's account ********This review is for Soli Cayetano and the Private Money Playbook course.

BESIDES DESTROYING PEOPLES LIVES YOU ARE INGAGING IN CRIMINAL ACTIVITY .ALL THE HOUSES ARE PAID OFF IN FULL AT CLOSING.BANKS NEVER LOANED US ANY MONEY!

If the lease is scheduled to start June 1st but you find a new renter to move in on June 15th, then the original tenant can be held liable for rent June 1 - 15.Honestly, I would just let the guy go and refund their money.

But if you have a little money to invest, then skip-tracing and contacting property owners is another method. 

It is not normal to see that high in one year but it does happen too often when they need money.  

The money spent on the flip will be a write off from your profit and shouldn't be taxed regardless. 

Talk with the lender you are working with because you may need a second on the property to meet the gap of the money down and the purchase price ( you can do a second in this situation).