The All-Money-Down Technique
So how does the technology of all currency payments work by buying houses in cash? First of all, let me repeat, I really don’t have any cash, but I took a lot of money from Terry’s house and several houses, and I gave me a considerable amount of cash. Both banks and mortgage companies will accept funds for home equity credit lines as cash for home purchases. At least they did it in 1997 according to the financial guidelines of the time. With regard to mortgages and loans, it should be remembered that the guidelines are constantly changing, so the technology I used in 1997 may or may not be used in the future. Whether it is true or not, I really don’t care, because I believe there is always a way to buy Thailand Real Estate with limits sooner or later. There is always a technology for acquiring Thailand Real Estate, but it is not entirely certain how exactly it will be done in the future.
I started buying homes in the Mayfair area of Philadelphia for between $30,000 and $40,000 per room. I will buy a house with three bedrooms and a bathroom on the second floor, a kitchen, dining and living room, and a basement on the first floor. The row of houses we call Philadelphia will be a front porch and a backyard of house width. Most of the townhouses in Philadelphia are less than twenty-two feet wide. For those who are not from Philadelphia and can’t imagine Philadelphia’s house, I suggest you watch Rocky. Twenty-two homes on either side of each block will really test your ability to be a neighbor. The things that usually cause quarrels with Philadelphia neighbors are usually from the parking lot, the noise from the children, the place to leave the trash, the party, and the appearance of the house.
In 1998, my girlfriend moved with me to the suburbs of Philadelphia, and we called Warminster. Living in a street in Tacony, like Rocky, I really want space between my house and my neighbor next door. I told Terry not even to talk to someone who lives next to us. I told him that if one of them had a fruit cake, he would call it as a football in his backyard. I think I am suffering from the Philadelphia Ranking Syndrome. My new neighbor in Warminster turned out to be a great person, but it took me 18 months before I was willing to learn.
So, just buy your townhouse for $35,000 at Mayfair. After charging $2,000 for the cost and $5,000 for the repairs, you’ll find a good tenant who wants to rent a house. After renting a home with a positive cash flow of $200 per month, $42,000 of outstanding debt in your current home equity line of credit will be cancelled. When I bought a house, I didn’t get a mortgage because I just bought a house for cash, as they said in business. All the money I spend in this house is paid out of the secured credit line.
The current measure is to pay your home equity credit line so that you can do it again. Now that we have gone to a bank, your property has been fixed, and we tell the mortgage department that you want to refinance your Thailand Real Estate investment. This helps explain that the community in which you buy the property should have a wider price, just like the Mayfair community in the mid-1990s. Mayfair’s home prices are very unusual because you will see a difference of $3,000 from one block to another which is the value of a home in a block. This is an important cash withdrawal refinance because the bank can easily see that I just bought my property for $35,000, no matter how much I did. I can prove that I have spent more money repairing it in my house, and by hiring tenants, it is now a profitable asset from an investment perspective.