How are you making $$$ today?

[Chris Dunn]

I think it would be cool for everyone who's actively
investing to talk about what their doing in this market and
what's wording today...

I'll start...

I've found the pre-foreclosure market to be a waste of
time. Every short-sale I've attempted in the past couple
years has gone to the wayside thanks to the lenders not
wanting to deal...

So, I'm curious if anyone is actually making money with
pre-foreclosures, auction sales, or REO's. Just like every
other "make-money" market, there seems to be a lot of hype
built around foreclosures, but I really haven't seen many
examples of people making a killing with them right now
(unless one has millions of liquid capital).

I've done a couple of wholesale deals this year, but it
seems like the people with equity in a house are few and
far between. Anyone have a different or similar
perspective on that?

For me, the most money this year has been in creating
extremely creative stuff with sellers, but the market has
become flooded with seller financing deals and it's getting
harder to find good buyers for even a "below market value
seller financing" offer...

I'd love to hear your opinions...

[Vikram C.]

Chris, real estate is like anny other business. In order to succeed, you need one of more of the following:

1. Expertise / smarts
2. Willingness to work extremely hard
3. Lots of capital
4. Luck

I think any one of the above is good enough to make money in RE. If you have two or more, even better.

I come under category 3 and am making a reasonable return on my investment buying foreclosures. But if I had a lot less capital, I may be doing something else.