All Forum Posts by: Keanne Henry

There's a great product that I used to use for my smelly rehabs. It's called OdorXit. It is sold as a concentrate and can be applied with a sprayer. It knocked out the most foul odors that couldn't be handled with cleaning.

Stephen,

The second link is a diagram to illustrate the domino strategy described in the first link. In the example, the author has a goal of owning 9 free and clear properties that each produce about $11,000 in income. He starts by buying 9 cashflowing properties with 20-25% down on each property. Each of them has a monthly payment of about $515 per month. He uses the cashflow to aggressively pay down the first house. By paying $4015 per month on House 1, he is able to pay off the mortgage in 27 months. During this time, he is just paying the regular payment on the other properties.

Once House 1 is paid off, the mortgage balance on House 2 is down to $100,000. He again uses the cash flow (probably the same $4015 per month) to pay down House 2. This takes 23 months.

Once House 2 is paid off, the mortgage balance on House 3 is down to $97,086. He uses cash flow to pay down House 3 in 20 months. By repeating this approach of using cash flow to pay off the mortgage balance, it takes a total of 149 months to have 9 free-and-clear properties that bring in about $100,000 in income.

Hope this helps,

Keanne