In such a strategy there are certain sub strategies (buy and hold for cash flow which is the most viable in my opinion and creates monthly income if done correctly, buy and hold for appreciation (which is a gamble on the future) and of course the combination of the two (which is easier said than done in most markets.

You want to gamble a huge amount of money with what appears to be limited experience.

I'm inclined to believe you're about to approach this as  real estate gamble instead of an investment with this deal.

A Middletown man was arrested last week after authorities say he used fraudulent documents to make financial transactions.Christopher D.

Yes it was difficult getting through the process, and we trusted our real estate agent to send current photos of the property, but we were still gambling.

Who knows but unless you have a solid exit strategy, it's still a huge gamble where you wont' know whether it was worth it or not until its over.

I'm surprised that they've only found 1% are fraudulent so far.

How crazy will I be if I liquidated my $3k and maxed out $30k on credit card,and played this high risk gamble with my credit?

If you go to Harrah's in a state that only has that one gambling place then they set the payout machine rates in the low 80's.

Bill Gassett commented on another blog: "What I have a problem with is every investor commenting who wants to throw a blind eye to the fact that there ARE investors that commit fraudulent activity.