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

To: Micawber who wrote (230240)	11/25/2009 8:50:00 AM
From: Pogeu Mahone	Respond to of 306849

I am doing the same i do not want to pay more then 20cents on the dollar, may 25cents. Some do not need fix as it is the owner that is distreested not the property. hold and rent=yes flip=yes Package, sell to investors and get management contract? =yes get in touch with john, he can use your money.

To: Micawber who wrote (230240)	12/4/2009 1:53:01 PM
From: John Vosilla	Respond to of 306849

'The possibilities are endless. The question is: what is the strategy? Where does the capital come from and how is the money made?' Well if someone is really successful for well over a decade they should have ton of their own capital by now. As to strategy think the ultimate first lien on the property ahead of even the first mortgage for the answer. It only works in certain places at certain times.. I've heard it works well in rural areas of PA too.. Many people I know still in the game who are successful today are buying foreclosures at the courthouse steps in the county where they live going through several hundred a day and hopefully end of with a diamond in the rough for their hard work. I find that too boring and limiting (tried it for a couple of years in central FL a decade ago) so I cover about 25 counties doing what I do best. Most of the experienced tax deed investors from the past are now broke because they are too loaded up on land that has no market but they get stuck paying the high RE taxes for years to come with no hope of getting liquid anytime soon. Yes the possibilities are endless these days with the hunt for immediate equity while avoiding litigation and allocation of your time without spinning your wheels too much what the game is all about now for me.. One day hopefully many years down the road I will look primarily for long term cash flow and just hold the ultimate inflation hedge if I start getting too old or burnt out.. I'm happy with a scenario if we just go sideways for another 5-7 years before any significant appreciation wave hits again. I just hate bubbles and never want to see a repeat of 2003-06 again.. So many good people and small businesses took such a devastating hit down here and for what in the end? An incredible six year roller coaster. Greed and stupidity of the public getting hosed by the Wall Street mafia along with politicians desperate to get reelected on both a local and national level and zero down deadbeats with no skin in the last game get to live for free in their house for two years