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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (90270)	1/8/2008 10:42:37 AM
From: Pogeu Mahone	Respond to of 110194

Yes at most times that is how that business works,these times are different! However like 1991 it is the distressed owners not the properties that are in trouble. Today if you buy for your price you can say the house needs painting i`ll knock off 7 grand. New ac another 6 grand off,etc and move it without doing the work. This is what an honest and intelligent and energetic person does at these times. If you do not understand Tommasso your not half as smart as you think you are:0) ============================= I was thinking of what an honest and intelligent and energetic person might do. I am well acquainted with a family that has quietly, for many years, bought up run-down properties, fixed them up, and rented them out. In this way they have amassed a portfolio of income-producing properties worth several million dollars.