Before now I've always been under the notion of actually needing to have fat pockets and godly credit (neither of which I have) in order to make a move.

The general numbers you indicate are very feasible and the idea of leveraging up with notional funding is also normal.

With the right price, if under $30k it should be possible but don't know this house and location really so only a notion.

While politicians and others disregard any notion of "class" in the US, (it's one of the reasons we broke away from England that people were locked into a class society) it is very much alive and well here in the US.

Obviously, in terms of the "Big Picture" there has been a crisis of secondary market confidence with regard to the enormous increase in borrower delinquencies and pending or actual forecclosures which has led to a major culling of the ranks of wholesale mortgage lenders... now probably close to 125 lenders who have closed up shop within the past 5-6 months.Actually, many of those lenders were little more than "Super Brokers" in that they relied upon warehouse credit lines or correspondent relationships with "Big Brother' lenders.It's somewhat analagous to our belief in the notion that a $100 bill is actually worth $100.

I think I know every for sale sign, every foreclosed on, and every abandoned house in the area.Now I didn't get that notion from the gurus, but my own sort of piecing things together.

Under that notion a person can "over repair", if you will which does not always translate into higher sale price.What my syntax was supposed to illustrate is the same concept you have typed.

I guess I'm having trouble communicating the notion of generating "creative" ideas of how to leverage the asset without interrupting the cash flow much and ideally increasing the overall return on the equity.So I'll put out one idea I had in order to, hopefully, spur some brainstorming in the direction I was hoping this thread would go:Say my stepfather wants to hold the property for 10 more years.

I just think the notion that you will most likely owe 50K for something that is worthless or near worthless is not accurate.If you are going to accept a job that you don't need a college degree after you get a college degree, than no, you should not have gone to school.I suppose "employee" is a 4 letter word around here to a lot of folks, but I would need millions of dollars of assets to return what I make at my day job as an employee.

They might have money but still trash the place or live in an unsanitary manner.FYI there's no credit scoring in many of these developing countries, and anyway the notion of "individual" credit often doesn't exist in these places, at least for the masses-families hold joint bank accounts, one person in a large city remits money to relatives in rural area.