We, that is us the investment group resell the homes holding the first trust deed or a land contract...The return on investment is astounding... here's and example:Purchase Price $6000Sell Price $30000Down Payment $1000 (The reason we can sell at this price is the low down and low monthly payments..Cheaper than rent)Hold note for 10 years 120 months at 11%Payment $399.48Yield 95.88% (That's unbelievable)Months until return of initial investment 12.52Total payment $47,937.60Profit $42,937.60But here's the best part..If we want we can sell the note as follows:FULL SELLYield 20%Sell price $20,671.06Discount $8,328.94Profit $15,671.06PARTIAL SELLYield 30%Months 60Sell Price $15,223.54Remaining Balance $18,142.24Total Profit $34,192.74The financing possibilities are endless...

In watching the foreclosure proceedings here (which are educational/entertaining/addicting) the biggest reason for a foreclosure getting kicked, and having to start over, is if they actually have a trial, and the "witness" for the plaintiff, which should be a rep of the servicer, doesn't have all the proper paper work, and more importantly can not speak to the "accuracy" of the payment history print out and explain their "industry standard business practices, controls and procedures".

I'm looking forward to meeting a lot of forward thinking people as the next several years could be unbelievable.

Trust me, it is addictive...lol.There are some local FIBI's you can go to (no pitching allowed, only education).

I can not begin to tell you how unbelievably inspiring the class was.

I find that TOTALLY UNBELIEVABLE!

But there is the flip side: There are other rooming houses that cater to the down and out, the {mentally} ill, the convicted, and the addicted.

Drug addicts in parks leave syringes on the ground, and it's unsafe for kids.

Credit reports - Landlords here seem to be addicted to them so much so that a thread I started suggesting this was not a good idea got removed.

I'm in Detroit where I buy properties with unbelievable cash flow.AND better appreciation than anywhere else .