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Difference between revisions of "Can We Solve The Immigration Disaster"

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Latest revision as of 00:06, 30 September 2020

Have you ever noticed those infomercials about purchasing homes with "No Cash Down?" They are really nicely done. They have all sorts of people offering fantastic recommendations about how they have gotten rich, purchasing rental properties, with absolutely no money out of their pocket. You see this man, standing on a road corner, talking to somebody, and he states, "I own that 1," pointing to a beautiful colonial. "I also personal that one next to it, and the 1 two doorways down, and I'll be closing on the 1 straight across the road from it, subsequent week." He then assures us that he has bought seventeen homes in the last 8 or ten months, with zero cash down on the properties. Plus, in numerous cases he's also paid out no closing costs.

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This is what individuals who buy houses, using the No Cash Down plan imagine taking place. Following all, if you can purchase one house with no cash down, why not 5 or 10 or fifty? For some purpose - the vision of the dollar sign, most likely - I failed to seriously consider the upkeep of these homes, the chance of skipped lease payments, and the opportunity that renters might actually stop paying, altogether, forcing me to evict them - a time-consuming and extremely costly endeavor.

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