They may have nice appreciation but that's a bit of a gamble.

It would be better to pay whatever it is for testing soil out of pocket before closing and lose the money if tanks leaking then to buy the house as a gamble and have to re-mediate afterwards.

Buying in a hot market with the hope that it appreciates is essentially a gamble. 

. :) however my gut feeling - without complete understanding of their risks, structure, leverage, performance in a bad market it is quite a gamble for NPN...

We are looking to partner with investors on added value Multi Family deals in the US Eastern Seaboard and Texas.We have formed BGI Capital as a conduit for Loans to partner with investors.We’re aggressively looking for an edge through non performing Note and/or Asset purchases -we’ll look after delivering the finished product as Rental or Condo Conversion.We need a US covenant due to cross border tax issues and new US SPE’s.We would welcome any potential JV inquiries.Regards,Ian Jones MRICS, Pres. ( [email protected] )BGI Grouphttp://www.bgigroup.ca

Unless I can put 'boots on the ground', I'm afraid I'm bordering on speculating...But I come back to the fact that some of these houses --good, solid houses-- are practically being given away on the REO side...

Become a student of design or be ready to pay someone out the yin-yang to do it for you.A hot date for me and my wife is going to Borders, buying a cup of coffee, and reading every home/building/renovating journal on the shelf.

The agendas of Rupert Murdock and other media moguls are always trying to distract the American people from the ugly truth of what is really going on in the real world outside of U.S. borders.

@Bonnie Rhodes I started investing in lemonade stands when I was 9.Then I flipped marijuana in Middle School and ran illegal gambling in the high school bathrooms.

I live right on the border of Massachusetts in Salem NH.