A couple years ago I attended a Marshall Reddick seminar at a local community college. They connect you with a network of realtor and lenders to make the process very simple. I'm slowly following the steps they've provided and hopefully within the next couple of months I'll be on my way to purchasing a fixer-upper and renting it out.
The idea is to buy property for under $100,000 and rent it out to get cash flow. In the meanwhile, as the renters pay for the mortgage, you're building equity in those properties. You can keep them to use the equity to buy more little properties (and make more money off rent) or you can sell them when the time is right and make a nice profit!
Check out their website www.marshallreddickseminars.com
They have a lot of customer testimonials from average Joes like you and me who make a humble living. They even can teach you how to buy homes with little or no down payment.
Monday, September 29, 2008
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