investing in low value property

[Larry Sease]

Does anyone invest in the low valve properties anymore?Looking for the pros & cons.
Thanks,LC

[Frank Adams]

Tim is onto the real deal. I used to get accused of "picking nickels out of horse**** while wearing boxing gloves" by some of my "smart" (ie;employed by Fortune 100 employer) friends.

I always told them; "I get love at home, I do this for MONEY".

I once met a guy on a SFO-DFW flight who was making his monthly trip to the Dallas area to "manage" his rental properties. It turned out his rental properties were about 4 small strip centers in "not great" parts of town. Each had a package store, check cashing spot, beuaty/nail place etc-you get the idea.

Anyway he'd fly down once a month, drive his rental to his bank and get his 9MM out of his safety deposit box, go collect all his rent, ALWAYS ALL PAID IN CASH, OFTEN IN SMALL BILLS. Go to the bank and make his deposit and fly back to San Francisco. He had bought these places in the '80s downturn in TX and was minting money on them.

I'm sure most of his neighbors thought he was just an "ordinary businessman".

Schweeeeeet!

all cash