That is the nature of the beast for more cash flow.

I tell tenants that pay partials I work with them as long as the late fee is paid and they are caught up in week 2 to 3.It's better for me than going a few months without rent and reconditioning the place.To be clear I DO NOT tell them it is okay to pay late each month NOR do I let the balance keep growing past what is owed for that current month.

That will get me to 18 houses.My hope is that, as the prices start to go up and sales start coming back, I'll be able to continue buying 2 a year by doing a flip and making 15 to 20k and then using that to pay down a buy/hold deal where the cash flow is still at that $300 a month or more.Not as concerned with cash on cash return as much as I am with chunking in the net cash flow and continuing to grow.25 houses by age 45 is my goal.

Real estate is local, so voicing the speculative nature of your strategy in the Roc is general, despite it being successful.

I definately didn't want to do a project this big right off the bat but its in my nature to just go for it.

Thanks for helping us grow the community, Nick!

Lenders are conservative by nature, borrowers are aggressive.

Growing our RE business in the US certainly has its growing pains.

Don’t do it.Self-directing your 401k, if possible, would give you some freedom to invest it and still enable it to grow tax free – the best of all worlds.

q=GOOGLEINDEX_US:MTGESpiked when rates tanked in 2008 and 2009, and growing modestly more recently.