all you college drop outs...

[snowbank]

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Do you do this?

I was thinking more along the lines of owning a home type of appreciation. Of course buying rental properties can be a good investment. It does take some work though - just like anything else.

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The hard part is finding the properties. Right now with how much prices have gone up, it is very difficult to find anything that you can rent out for more than the mortgage price. As prices come down, interest rates go up, rental prices go up and single mothers working at Wal-Mart who can't afford their mortgage payment go busto... I think there will be opportunities for this, and I can't wait to do it.

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amen to busto moms who will make us rich!

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ya, feels sorta predatory to be waiting for that...but they are the ones who overextended themselves and took out ARM's they couldn't afford.

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With all due respect to degan (and i have a lot for him), this kinda made me sick...

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kinda makes me sick to bro. it sucks that lower middle class america has very little financial sense. i wish i could help them change that. from a societal standpoint, it is very very sad.

but...

somebody is going to make a lot of money when all of these foreclosures happen...just like somebody makes a lot of money when huge donkeys sit down at a poker table. might as well be us.

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Degen,

What do you have lined up when more foreclosures start coming? Have you done pre-foreclosures/foreclosures before?