Part 26 of my series: Buying 29 units at 22 years old Here is another great term I negotiated on this deal. We close December 10. Usually I would get the prorated December rents Then make my first payment in January. But I negotiated no payments until February. That means: • I get the December rents • I get the full January rents • And I owe nothing until February When you do not have a mortgage payment, the cash flow is solid. But even better, it builds extra reserves for maintenance, CapEx, an
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Part 26 of my series: Buying 29 units at 22 years old Here is anoth…
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