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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (8020)	1/8/2003 9:19:20 PM
From: patron_anejo_por_favor	Respond to of 306849

LOL! Nice thread, those guys are just about as jaded as....well, as jaded as WE are!<G> I liked this post: I've been watching that here in the Jax area for about 3 years now. "There's a sucker born every minute." is truer for idiots buying a repo than in most other cases. If you can, find and attend a local Real Estate investors club meeting. What an eye opener!!!!! The biggest number hitter appraisal sweat shop trainees will be there acting as if they actually know what their doing. The slimiest mortgage brokers will be there telling you "Don't worry about the value. I can get this deal put together for you." The sleeziest Realtors will be there. The sellers of con man seminars, live or on tape will be there. The experienced investors are there telling the wannabes what appraisers and loan officers to use so value will never be a problem. Need a looooooong shower with lye soap after you leave there. Some of the regulars (you can tell which ones they are) will be exactly who you expect - some will surprise you. Big time dog and pony show. If you ever want to know who's who in the flipping biz, just attend one of these. Most of the newbie investor wannabes are broke within 6 months. The experienced investors are too often the ones that end up with the newbies money - by giving their 'expert advise'.