It's always a gamble to me and I would definitely negotiate with the seller and get the price way down.

With today's LOW interest rate, gambling with ARMs seems nuts to me.Do your numbers make sense at all (i.e. 2% rule) ?

Additionally, if you are late on just one card, the rest of the credit card issuers could raise your rates under something called "universal default" (late on one is late on all).Too big a gamble, in my opinion, especially if the property you purchase does not generate income right away.

Those homes had only new kitchen and paint.I will try to put this home for sale for $119k which is a gamble..I thought about rent it for $900 but did not like the people that showed up because they looked like ghetto.

You're overseas, they could use the cash, and based on their track record, your risk is lower than gambling on gold ect...

If you buy properties based on that evaluation, you will fail as a landlord.Like gambling in a casino, this is a "long term" number.

All loans are a gamble for the borrower as much as the lender.

At this point, it's still speculation the city will appreciate and is a huge gamble.

Don't gamble.

If you give them 100% EMD you are Taking a big gamble.