June 23rd, 2010 → 4:33 pm @ Nik
“One of the fantastic benefits of the Strait Path system is the mitigated risk. With one of our investment properties, the buyer-tenants we had were unable to continue with the purchase of the home.
The down payment they had made toward the house was enough for us to cover just a couple of mort- gage payments, if it came to that. Luckily, we were able to find new tenants within the month, so we only had to cover one mortgage payment with that reserve down payment. The new buyer-tenants were able to invest even more to build immediate equity.
They have been fantastic and are making improvements to the home while working toward ownership. They are planning to attend classes to prepare them for successful home ownership. This system really reduces risk for everyone — including tenants.”
