I was in the process of going through CL (we buy houses ads), searching for prospective investors to add to my buyers list and I came across one, PeachHomeBuyers dot com, that boasts that it can purchase any home even if the house has no equity and/or is upside down in value.

The speaker at the Rich Dad Poor Dad seminar kept boasting about how she's purchasing $120k REO duplexes for $20k and $300k REO properties for $120-150k, saying that it was an "ok" deal, not "great," and claimed those numbers are easily attainable.

Even with inflated Gross Incomes and artificially reduced Operating Expenses derived from “La-La land†Pro Formas, these property still boast single digit CAP rates… as if they are proud to offer a property at 7%.

Edit- Heading to bed almost 1am my time but I think people who want to count every single transaction have a need to boast or make themselves appear greater than they really are or more experienced or a host of other things I cannot think of right now.

You're better off going down to the casino.

But you might as well take your money to the casino because I bet your chances are higher to strike it big.

The area is about 5-10 mins drive to a BP refinery and 15 mins drive to a big casino.

When I go to Vegas or the casino, I rarely spend more than $10.

That's how those casinos in Las Vegas and Atlantic City get so wealthy.

No, not the gangster aspect of it. but Ben Siegel's ideal for wanting to create the casino.