2007-03-12 14:51:27 · 5 answers · asked by Chris N 2 in Business & Finance ➔ Investing
Buy low....sell high............
2007-03-12 14:54:42 · answer #1 · answered by crazymofo 4 · 0⤊ 3⤋
You will need to develop excellent credit and also raise a sizable amount of cash. This will give you the capital to buy the bargains, when the time is right.
One way to accumulate cash/capital is to buy items at Sheriff sales, Post Office sales, VA sales, Police Auctions, Bank sales,
Farm auctions etc: Resale at a profit!
Don't buy retail priced homes when you move into the house purchasing phase--buy FFA Repos, VA Repos, AG housing repos, Courthouse sales, etc:
I am wealthy via using this strategy and taking risk; not to mention keeping a good job during the time I developed my real estate portfolio.
It can be done but it takes preservence and a lot of hard work.
2007-03-12 22:10:44 · answer #2 · answered by jwhfaye 4 · 0⤊ 0⤋
Do you remember the crash in 1989? If you don't look it up. Its happening all over again. Best advice wait and be patient. Do you homework. A lot of inventory is coming your way.
2007-03-12 23:43:02 · answer #3 · answered by Hiddendepths 1 · 1⤊ 0⤋
The people who would of bought those homes have to live somewhere -- apartments. Check out apartment REITS. OTC:CDPYF, NYSE: MAA are 2. (Not a recommendation, just an example. Do you own research.)
2007-03-12 22:23:00 · answer #4 · answered by gosh137 6 · 0⤊ 0⤋
Flip houses
2007-03-12 21:59:30 · answer #5 · answered by Anita G 5 · 0⤊ 3⤋