Of course not, that's idiotic, it's literally gambling.

The actuaries know what they're doing and insurance is simply a gamble where the house is going to win all the time.

Uwe, I've seen that as well, I believe if you post things that break the rules, spam or whatever, you are penalized so you can see influence points below 50.

I threw a little forum together to help people who had questions about tax sales, which seems to be getting more spam then anything lol.

I can't stand all the spam I get from these "gurus".

Back in the boom, prices were high, appraisals were extremely inflated, and investors that David speaks about leveraged out these properties to a point (I am guessing) where they barely cash flowed, or broke even, gambling heavy on appreciation and principal accumulation.

So far I have gambled and just collected the rest.One question I have is what about someone trying to set up an online bill pay using your check and routing number?

For long term strategy i would suggest finding a trust that manages a sector that you're comfortable with (NNN leasing, health care facilities, large residential complexes, etc.) but if you are just looking to do a little gambling, a mortgage based REIT can provide insane div yields, for a while at least.

& store the rest of the crap in your garage. after 30 days, sell it, dump it, or donate it (assuming 30 days is your state law).take pics of everything after you've cleaned it out. my guess is they just left the stuff behind & their new place has a (better) washer & dryer. if you're really a gambling man, leave the W/D at your place. this will make your rental more attractive to more quality tenants.i think you're fine. these peeps are history.LMAO over the car!!

Do they charge exorbitant rents and gamble that it will offset and future losses?