I have no idea where he's been since, but he runs some sort of investment outfit and seems to have survived so far.The same high-risk stupid bets had brought down the system several times in the past, the most famous being the Great Depression era, which made the high-risk idea rather unpopular for quite a few years.

Of course it hedges it bet with the standard "all real estate is local."

I would bet a true comp would be lower...IMHO.I would base it on 60k to be safe, but make sure you confirm this with comps.70% of 60k = 42k42k-15k repairs = 37k3k closing cost = 3kMOST I would offer is 34kAgain if he motivated he motivated.

Originally posted by Randal D: comps in area run about 155K (need more comps however)instead of seeing what's being sold retail, check to see what's been foreclosing in the immediate area and I'll bet you that you'll find that the comps don't come near that amount.

It is the pure busines cost of paying to repair pet damage over and over.Now, if pet owners wanted to post a $5,000-$6,000 pet deposit to cover the potential cost of repairs to pet damage, I'd bet you could get your dogs into a lot nicer rental.

I would bet they will.

In many or most cases the borrower is just a dumb, innocent person who did not know just how dumb they were being.Some knew they were betting the farm.

Investors eye growth at job networking siteAssociated Press June 18, 2008 SAN FRANCISCO — Four venture capital firms are betting Internet start-up LinkedIn Corp. is worth $1 billion, highlighting the lofty hopes riding on online services that connect people with their friends, family and business associates.The valuation is implied by a $53 million investment being announced Wednesday from Bain Capital Ventures, Sequoia Capital, Greylock Partners and Bessemer Venture Partners..... rest of the story at http://www.chicagotribune.com/business/chi-wed-linkedin-investment-ventjun18,0,3358919.story

You can waste a lot time on this or you can actually do real estate :)Banks are not going to talk to you unless your a HUGE player and even then you would be buying on QCD - the fact your asking this question tells us your not a huge player - and when I say HUGE player like your one of 10 people in the country who can do this.Auctions are your best bet or pre-foreclosures lists but your not really going to be chatting with the banks much.You can try to create a relationship (which means buying from them over and over) with a broker who handles them.

My best bet would be before making an offer etc to look up the properties and get a quick search of the headaches before right?