Our idea of appreciation is not a magical market-driven thing, but is a function of carefully executed strategy.

There is really nothing magical about a capitalization rate, or cap rate.

Will update tomorrow but going to magic city now.

If it is just a person without a realtor, just show up and show the house yourself, there is nothing magical about doing this. 

The debtor could have paid half his loan off but the Bank is not going to list at a magic number above that 50% mark, they are going to do their due dillegence and find what they feel fair market value is, and thats where they will start their pricing.For instance, I just took one from our foreclosure dept. in So Cal.

Maybe Steve, the God of Related Threads with his magic. :)I'm not opposed to making money, I'm opposed to sucking a buyer in and setting them up to fail, in my mind it is akin to fraudulent dealings.

So many people are searching for the magic formula, and it seems that what many of these seminars are selling is the hope that it's all real, rather than having to roll your sleeves up and build it one little bit at a time through hard work, discipline, patience, and careful choices.I'd say that a person who purchases homes with cash, or through sensible use of leverage with enough equity to balance risk/higher returns, is displaying those qualities and is far from "stupid and lazy"!!

I have a friend who did this for their personal home and MANY of the things that have come up are magically “not covered.”

I believe this is simply a lawsuit waiting to happen .. and get a lawyer is kind of comical.. not like they can waive a magic wand.. it will have to go through the court system..

You had some magic words there, so, you're my guest and  I'll buy!