Not worth the effort from my standpoint, but certainly there are people who do it very profitably.

The banks have been doing a steady release of these REOs in an effort to maintain some form of price stability, yet the median price is still falling.

I truly believe that with leasing and management, it is the quality of ones efforts rather than the quantity of properties one represents.

It is not a get rich quick program regardless of what gurus preach, it takes time, effort, patience, and determination but can be done.

Plus it shows them that you respect their time and effort unlike the other investors that call them 20 times a week and never compensate them.Other than that,just low ball her and hope it works!

Cramer currently works on a new project, MainStreet.com, in an effort to bring stock savviness to Main Street.

This has turned into a great thread...Tim's point about looking outside real estate is a very good one...while RE will provide semi-passive income (landlording requires some effort), non-RE deals where you put in a good bit of sweat equity, knowledge and expertise can generate many, many times the cash-flow...And the suggestions about loans and notes are great if you're looking for opportunities much more passive than landlording...

Perhaps that would be a solution too...but people would likely just vote for those that promise them the most benefits for the least amount of effort on their generation.

How does this not inspire Libertarians to join the effort to bring the Republican party back to where it is supposed to be?

I guess we can blame it on global cooling.