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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: Riskmgmt who wrote (2347)7/12/2014 11:33:32 AM
From: tejek   of 2722
 
But this is the Cruz of it IMHO. People buying hi- priced apartments, townhouse's etc in big cities are interested in getting their grey money into something safer, or what they perceive as safer. Miami had a lot of drug money in the 80's flowing through the banks from South America and the Islands, much of it went in to real estate. Today who is buying those hi-priced condos? Mostly people from South America. Better to have a place in the U S even if it costs money each month than have it confiscated by the Government of Argentina or Venezuela. That's how I read it and much the same in London or New York just substitute Chinese and Russian grey money. Now we figured all of that out how do we profit from it? Over to you.........

My game has always been to buy in neighborhoods I thought we're going to turn. Hard to find in a city like Seattle or SF or Boston or Portland but the rest of the country is pretty much an open field ripe for plucking IMO.
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