This brings me to my question.

I moved to Lansing when I was 5 and went to Bingham elementary until the 4th grade, then we moved to Chicago.I have lots of happy memories about Lansing!

i got undercut - broker i was working with kept dragging his butt.it was 4 acres with really good frontage - over 250' in a nice area for like 22k (if memory serves)lake wylie huh.what's shakin there?

We can tell you that given the price of the property and the going rent/selling price you COULD bring a return of your investment of a certain percent.

That way it would actually be bringing in some okay cash flow.

If memory serves me right, before the trustee sale, I believe the original owenr still has title and you can buy it from the owner.

Your memories of that house will fade quickly with the wear and tear of tenants.

Once the redemption period ended, they sold the property to my investors club for a markup, bringing the price to $1200.

That is how you end up with a 6% - 6.5% rate today.If a US lender is offering 1% mortgages, its only because they are deferring the other 4% plus to a balloon payment down the road 1 year or 3 years later, which sounds good up front but will cause an estimated 1.7 million foreclosures in 2007 because of these sneaky (but legal) loan practices.We have found a way to bring Japan's financial stability and low financing to the rest of the world.

I know these properties once Rehabed, will bring lots of profit.