When you buy a property value below 90k, this is far below the replacement value of most houses and implies that the house is not generally desirable (it might be too ancient or in a bad neighborhood).

Like a brat, I remember tossing a package of hot dogs in the flower bed outside my front door. lolThe fridge/freezer was ancient but they did correctly repair it. 

I have some ancient furnaces at my first property.

Used to do my own courthouse research, but that's now ancient history.I use direct mail and then field the callbacks I get from the interested parties (motivated note sellers).

As my ancestry is Greek, my favorite historical example is an ancient Athenian general and politician named Themistocles.

The best time to buy real estate is Now The best time to sell real estate is never Or as the ancient Chinese saying goes Best time to plant tree is twenty years ago Second best time to plant tree is now

@Jay Hinrichs I admit I increased my vocabulary looking up definition of hoary,  meaning old, white or ancient... but point well put and found way to Howey test (1946) for securities is broad and can be applied to  JV's, LLC and general partnerships As such, those being a sponsor of agreements should have proper legal counsel to advise them appropriately with caution,  as mentioned its all great until it doesn't go right and money is lost. 

Making 63k and paying 6k in rent allowed me to save and travel extensively (Went to to Egypt, Australia, etc.). 18 months after graduating from Berkeley, I bought my 5/3 house in DC suburbs - Virginia and I was making $70k+ and collecting $2600 rent to pay 2000 rent (1500 piti on 255k house) and utilities.

Another I was ARVing around $215-220k popped up post flip at $275k and they left the 30 year old patched roof, the door casing baseboards, and the ancient window AC unit in the second floor window (it looks the same outside).My guess is some of these newer flippers will end up losing out and the deals will come back (my hope at least).

The ancients used it to talk about the linguistic sophistication of barbarians who came to their lands, eager to live or work or trade with them, and yet were so ignorant of the Greek language that it wasn't that they didn't understand a single word, they didn't know a single syllable of the language.