I think its a neat concept, but I personally will not throw more money than I could afford to lose into it in the meantime (just like if I were at the casino, although I am not too shabby at blackjack ;).

It is iFunding who boasts high returns on their homepage.

While we reinvest every penny we make and do not share in the luxuries of others, we do proudly boast that we have 2 dogs, 2 cats, 2 horses, one mountain cabin that I did not give away to finish and a lot of happiness and no "dirt poorness" here except in the feable garden that we have not proved up yet.

I am not much of a gambler...heck, whenever I end up at a casino (with friends or a group that goes there) I lose all of my money at the bar.

Most are buying condos in the casinos and condo hotels.

Do you think the person that hit a jackpot at a casino just won big?

Beaches AND casino's!

i was actually putting together a jv deal on a vegas casino build and the client asked me if i knew anyone with an reo portfolio, the same day another client happened to ask if i knew any buyers for an $800,000,000 reo portfolio and that began my venture into the reo world. i just happen to stumble directly into a new york investor with $3,500,000,000 in his personal bank account on my very first deal so it has been pretty easy for me when the packages are real. the hard part is weeding through the fakes and scammers.

I don't mean to boast but I have rented homes/apts before and never once missed a payment or caused one scintilla of damage to any property, ever.

Even in the high end real estate market (casinos, hotels, bulk reo packages) you will find that there is a lot of overseas oil money (not necessarily US allies) buying big chunks of these high end US properties.