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

To: TH who wrote (19360)	4/13/2004 4:29:57 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

If investors take the time to read any books about real estate, they would come across two old rules which have been around for an eternity: Never buy real estate you don't intend to build on or occupy in the very near future. Never buy rental real estate located more than 25 miles from your home. I have deceased relatives who never read those books and wound up with the craziest stuff in their portfolios, which they bought sight unseen in states far away from their homes. I wound up helping their estates dump many of those properties years later. A few of the properties were simply abandoned, with taxes unpaid, because they turned out not to be marketable.