Re: Can you make money from foreclosures? This guy thinks you can.
There are interest only (construction, re-hab) mortgage programs available for flips. Anytime an investor can use OPM (other peoples money, IE the bank) he will put his personal money into another investment (stock market, mutual funds) that will produce a return while he flips his project with someone elses money. Remember, he has the funds to back the loan if need be, but he doesn't necessarily have to use it as long as the bank will support his flips. In short, his return on investment will come from the flip and where ever he has his personal money working.....
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