[rdl6989]

Well you see, if I don’t pay my rent, you will throw me out. That’s how it works.

[Vigilanteman]

A friend of mine owns a lot of rental properties. He makes more money as a mortgage broker by encouraging his best tenants to become homeowners.

I found out that most local banks get their commissions from brokers after they do the preliminary bureaucratic stuff like run credit checks. When several local banks turned up their nose at us or made us lousy offers, we went to him and got a 2.75% APR, 15 year rate from an out of state bank.

The funny thing about the renters he evicts is how much stuff they leave behind like up to date electronics. Of course, he does the honest thing and calls the rental places to pick them up, but much of them are owned. Plenty of money for a 60" flatscreen, but not $400 to pay the rent.

[Eric in the Ozarks]

If I don’t make my mortgage payments, guess what happens ?