I dislike dealing with idiots.And they range from but are not limited to: tenants, their relatives who don't live there, code enforcement personnel, city bureaucrats, neighborhood nazi groups, people I hire to do work, people I offer to buy property from, attorneys, accountants, real estate agents, slum lords, starry-eyed socialist city commissioners.....

He has a contrarian view to real estate, but it is good to not always look out of starry eyes.

Huge ad to my right lol.I like it but it seems like the text is way smaller :( it strains my eyes.

As far as flipping strategies buy right and then also price correctly when you sell.As a real estate broker new product doesn't come on the market every 30 days it comes on the market every week and sometimes daily.Knowing that what buyers want is the best product at the most reasonable price.They don't want a crap hole to live in just because it is cheap.So when rehabbing if your budget is stretched pick 2 or 3 things that will pop and catch the buyers eye that say QUALITY.Also in this market a price drop every 30 days won't cut it.As a broker we know from statistical data that 85 percent of activity occurs in the first 10-14 days on the market.If recent sold prices range from 40k to 50k I want to be in the bottom 50% of list price 40k to 44k with a great product.If I have given it maximum exposure and nothing comes in drop the price every 7 days until it sells.You want to always stay ahead of the pricing curve and chasing the market down.It is the number one mistake made by all sellers.

Now you have the chance to take a divergent path in the same direction, it will make your journey more well rounded and probably open your eyes to things that you may miss in your current state.Good points mentioned above include checking the contract for no-compete.

I'm going to loan a distressed homeowner 10k to cure his default. His current LTV is around 55% (1st and 2nd mtgs). I want to see if I'm on the right track....
1) I'm going to buy his home on a mirror wrap subject to ...

Black Eyed Peas - Bleh ...

So keep your eyes wide open and look for those unique opportunities!!!!

There have been cases of idiots jumping on the bed or couch and losing an eye when they are struck by the swinging fan blade.

I am eyeing wayne counties upcoming tax auction.