|After quite a bit of searching the past few months, we purchased rental house #5 this month. I partnered with someone who will provide the funds to me in order to get it done. Hoping this arrangement will be beneficial to all and that we can continue like this in the future. Like me, this partner has become very disgruntled with returns available in the market and is seeking investments that he can control and that he can work to help change the outcome if needed. Bought the house from a local bank who had just taken the house back in foreclosure. He didn't want it to hit his books this quarter and he knew that it needed a decent amount of work so I got it for next to nothing. It needs work but I think it will make a great little rental in a blue-collar neighborhood.
Debt-to-Assets = 64.29%
"Annuities" = Investment Property Savings (minus security deposits)
"Other Assets" = Health Savings Account
"Other Real Estate" = Investment Properties (current market values)
"Other Mortgage" = Investment Property Mortgages
"Credit Cards" = 2nd mortgage
"Other Debts" = Hard money loan for rental property rehab|