Description
Shows how money could be made by owning a string of single-family homes that are rented to tenants at a profit.
The major problem one has in profitably purchasing single family homes for rental income purposes is that it is difficult to rent them for an amount more than, or even equal to, the monthly payments for principle, interest, taxes and insurance.
This is especially true in the Washington, D.C. metropolitan area because of the high cost of housing, one of the highest in the Nation.
I propose the following approach which: (A) Eliminates negative cash flow problems for the entrepreneur and yields a fair profit; (B) Provides a tenant one-half ownership and tax advantages while residing in a desirable residential neighborhood; and (C) Provides the lender a loan secured by highly desirable real estate with a very attractive interest rate.
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