March 21, 2008
Sidestepping a landlord trap with your investment property
See how easy it was for you to sidestep the landlord trap. If a repair happens and it costs over $200 who is responsible for it? That’s right, the seller is responsible. If a repair happens that is less than $200, who is responsible for it? That’s right, your tenant-buyer pays for it. What are you left responsible for? Nothing! You get to sit in the middle making money without the headaches and hassles of traditional real estate. Of course, you do have specific responsibilities. Each month you have to collect a check, deposit a check, and write a check. The beauty of the system is that once you have set up a property correctly, you have a hands-off residual stream of income that flows to you each and every month. Then at the end of a period of time, you get a flood of money when your tenant-buyer gets his own loan on the property, cashing both you and the motivated seller out of the deal.