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

To: Broken_Clock who wrote (245783)	4/27/2010 1:26:01 PM
From: John Vosilla	Respond to of 306849

What are you talking about? You like most know very little about RE and all the opportunities out there at different stages of the cycle. I mostly buy distressed for cash at a fraction of current value, fix up and resell to end users. I had the best nine months since 2003.. When I see that the pipeline of new foreclosure filings dwindle dramatically that will tell me we are less than a year from a tightening of inventory and the beginning of a sustained rise in prices again shifting my strategy to controlling and holding low rate fixed mortgages with operating yields into the mid teens. The IRR then wil be staggering with much less work than I do now. Most anyone will then be able to attain financial independence within a decade if willing to learn with the right attitude. For now as with anything in life some are making a killing and others are suffering. When everyone including the waiter is making a killing again it will be one of the hints to get out..By then i might be real old...lol