Re: Can you make money from foreclosures? This guy thinks you can.
You know it is like trading Options. The premium on homes today is low with descent potiential for future equity. We are purchasing only those that can make 30% monthly minimum positive cash flow as a lease, and that is after all expenses. Now, when the housing market makes a reversal and it will, listen closing to Wall Street, those rentals will begin to be bullish and equity will grow again.
The key is to find the right deal and lease it asap. Remember, the market is shifting to rentals and property managing. One thing though, be careful of being highly leveraged, IE Bear Stearns.....
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