How did you find this property? FSBO, in newspaper, as I was attending a tax lien seminar in Dallas
How did you fund this property? 20% down from a credit card where I am paying NO INTEREST until May of next year and $15/month on the $30K that I borrowed on the card. For the rest I am using my mother’s homeowner’s line of credit at about 3% interest, payment of about $400/month. So, the mortgage is about $450/month and I have a housemate who pays $550 to rent a room....
How did you farm this property? Right now it’s only in the "mailbox money" from the rent
What will you do with the profits? Invest more
What does this success mean to you? It is possible!!
~ Wednesday, December 10, 2003
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