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To: Fai Mao
I am not sure we even have a credit rating.

I'm sure I don't have one. No plastic.

I own a number of houses, all fsbo's. A few rules of thumb:

Don't even look at anything requiring a bank mortgage.
Don't count on a property generating income.
Look for properties at tax sales, and look for fsbo's, and if financing has to happen, go with seller financing. Avoid properties listed with a realtor.


I've been doing this for a few years (while my friends have been drinking and wenching through college). I've never had to lay out more than $2k for anything, up front. How am I doing? Let's just say it's "lucrative." :)

25 posted on 06/10/2016 6:51:46 AM PDT by Buttons12 ( It Can't Happen Here -- Sinclair Lewis.)
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To: Buttons12
Avoid properties listed with a realtor.

Yeah, can't steal anything from THEM, right? < /sarc >

33 posted on 06/10/2016 10:26:36 AM PDT by JimRed (Is it 1776 yet? TERM LIMITS, now and forever! Build the Wall, NOW!)
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