Renting an apartment is easy but costly down the line. Landlords and nasty neighbors are a bother.  HIGH RENTs are  money which goes down the drain. Rent for twenty years what do you get? Rent cost will surge every few years, soon, you are paying four times the rent. Own for twenty years you have FOUR TIMES THE MONEY YOU PUT IN ...Rent a house, you also pay for the inability to have chickens, rabbits, tilapia fish farms and of course grow food in your own garden. Landlords go NUTS when you remove the lawn. (SEE, MOVE THE SOIL, my own tale of revenge during eviction from Eden for the sin of landscaping entire back yard leaving not an inch of LAWN.

Rent and buy food at the super market,  you'll see money gushing away from you and just during this massive RECESSION and the coming inflation  when you may be jobless and will need every penny. Houses are money makers. My friends bought a house for 420k, its value dropped to 250, they were underwater, foreclosure was nigh, they couldn't sell it, nobody has money these days to buy. So, what'd they do? SOLUTION: they moved relatives into every room, and they're all paying it off and with ease.

A FOUR UNIT apartment bldg meaning 4 CONDOS could be the ultimate money maker. You  buy a four unit building at one price and see its value increase twenty times when you rent the other three units, or maybe BUY the building with three chums.

But rent? Then you never get a huge garage for workshop and storage, a living room fireplace, vegetable garden or orchard. You know in your heart, a big, old house (shared with roomies even to make the mortgage payments) is what you really need. Then a string of little houses you rent to others. My landlord was a taxi driver in the 50's, he drove his wife crazy buying little 11k houses. He now has 22 and they're worth a half mil each in LA Calif. and at least one has a pretty, foodbearing garden. The one where I live.

Instead of giving in to hopelessness, minimum wage, danger of being fired, talk to your chum circle. Remind them that  with Social Security going down the drain, MEDICARE thrashed, as a group you want to rethink your LIFETIME SURVIVAL strategies. Let in new input. Out of three people you approach with a good business deal, ONE will accept. SEE "How to Write a prospectus and raise venture capital. LANGUAGE carefully, positively as words are keys that open doors.

IGNORANCE about how easy it is to wheel and deal holding you back? Fear, negative thinking are your worst enemy but they're lightweight and vanish if you listen to reason and experience. Take a minute to hear an idea that will make you a homeowner with the pro's help, in a few months. In this difficult era, where many of us are a single check away from homelessness, & corporative downsizing and mass firings have reached alltime high, you need REAL ESTATE. HOW? EZ. You have a large family. Friends. Relatives who'd either co-sign or lend you partial down paym't, co-own property with you. The FED is giving low rates to poor people for 1st time ownership with 3% Fannie Mae loans or l0% down (Community Loan program.) Both FANNIE MAE's.

To find local FM lenders, write 4-free book, F.M. 4000 Wisconsin Ave NW Wash DC 20016. Buy first single family house or up to 4 unit residential as Cooperative real estate ownership. 4 Families in 4 units is OK under Gov't low loan program. There are many so called working poor: janitors, landscapers, painters, roofers, immigrants, hardworking people who earn a ton of cash and spend a LOT on landlords/ apartments/ yet YEARN to own. The FM program requires no credit, just wants to see that you have been able to pay high rent. LOTS of people who EARN cash hide their earnings from the IRS and rent expensive apartments and show no earnings. They usually bank in their CAR trunk or mattress, have no credit. Fannie Mae doesn't care, as long as they can prove they pay high rent with cancelled checks.

What you are looking for is what they call the COMMUNITY LOAN. No credit is required. 20% down is necessary for this one. But for a couple who work, with credit, you can qualify for a first time buyer plan for as little as 3% or l0% down. Any of these can be done with a quadruplex.

Find 4 families with bluecollar income, many poor families have a lot of individual workers in them. Tell 'em to pull the money out of the mattress and put it in the bank. Then, find an old 4-unit, inner-city, semi-decayed bldg, that's up for sale & hasn't moved --what with real estate being dead, a distressed property, motivated owner. Pick 4 units. If your 4 families live there, they can pay 3% down on this kind of property. With interest rates so high now, you can get a bargain on the price, even ask owner to assume 1/2 the closing costs. Offer 1/3 off asking price. Let's say they want 350k for the bldg, you get them down to 325k. Each family needs $2,400 for the down payment and half the closing costs, about $625. 3 grand each family, for each unit, payment for each will be $800 a mo, less than rent.

You want this apt for yourself, so FIND 3 apt dweller pals who want to own their own, and arrange to split downpaym't 4 ways. This kind of shared bldg is called a PUD (Public Utility Development) as they share l utility box. It's a COOP. Each family has a deed and a proprietary lease. You're in the co-op as long as you pay your monthly payment, & obey the rules. You might use a close relative to cosign, and if you buy a single fam. HOUSE, in 1 YR you Equity transfer 1/2 the property to him. If it's a 4-unit bldg, U-need someone w. credit, & an inclination to help you who will INHERIT one apartment if any of the 4 can't pay his monthly payment.

Your co-signer will bring into creation a Utopian project, and if anything goes wrong, worst case scenario, end up with a condo unit for his own. If the 4-lst time owners choose the Community Loan way, they don't need a co-signer. Just cancelled checks and cash in the bank. This plan is foolproof. Even if one owner fails to pay monthly paym't; you simply go thru a normal eviction which can take a few weeks, meanwhile they (the other 3 families or their co-signers) pay the defaulter's paym'ts. So select your 4 people very carefully. Make sure they like physical work as the 4 families will sign on to 'totally and personally, with their own labor, rennovate the bldg,' strip down to lath, if needed, put in new drywall, new wiring if needed, plumbing fixtures, (sinks, toilets, tubs,) then paint light/bright colors over entire inside and outside of bldg, install window boxes with bright geraniums or year-round flowers, up and down entire bldg, and in front on sidewalk, wide holes wi. trees, then a CO-OP VEGIE GARDEN & ORCHARD in yard.

With the GROUP working together on the property, you could have something glorious which would double in value in a few years. Sell your unit a few years later, buy a home! The relative who co-signed floats a very secure loan. If l tennant defaults on his condo, signer aquires very rentable condo so no loss, but these inner city people usually make darn good $, scratching around for hard labor jobs which are actually pretty highly paid. Either a co-signer or one of the 4 lease-deed coop owners wanting to do this scheme could start by just hanging little ads in supermarkets, hair salons, to find people who are 'up' to this. Worst case scenario is the funder would end up being a slumlord with a huge, renovated apartment bldg. But this is such a no-lose idea, someone smart should start C.A.S.A and call it maybe Co-operative Acquisition Society of America. Rich and poor alike could register at central data bank. (Your computer, your phone message machine.) The rich register to co-sign, it's a posh investment for them. The poor register to inhabit. You might be able to do the scheme by yourself, finding your own source of credit. Spread idea. Talk to bank which has foreclosures.

Create CASA as charity/attract federal funding. OR DO A LAND TRUST.  Once you have the team on the project and the property is the project, you'll acquire donated linoleum, carpeting, bunkbeds, tables, bookshelves, couches, t.v's. garden sheds, tools, etc. There's no limit as to the availability of people to use CASA, nor limit to the growth and expansion.GOD LOVES POOR PEOPLE AND HE MADE A LOT OF THEM. If you were in real estate already, (which takes two months of study to pass a state test) this idea could make you a million in commissions --really jack up your business. Want a retirement home U-can leave to kids? Create anonymous Stockholder Utah Corp, Write Sec of State Utah. It's cheap, EZ. costs 80$. Then, USE CORP to buy 3 acre farm for orchard/produce growing. Create a limited partnership, sell shares to 35 pals who build weekend cabins on land. All will own land by stock share so IRS cannot spot home ownership & seize home; their kids inherit stock share, hence vacation villa w. a piece of paper they keep in a drawer! Imagine retiring to an alpine village w. your BEST pals!