I help a friend buy/sell tax and foreclosure properties. It's not simple, not cheap, and it's a full time job to do it right.
I got him into it all.
it's like farming. most of the time you loose, sometimes you break even, and every few years, you make enough to carry you through the past 4 years of loss. He doesn't get rich, neither do I, but we have turned blight neighborhoods into nice places for good families.
Your results may vary... please run away fast. The biggest problem are those people who go to a seminar, think they can walk in and walk out with a boat load of money, and hurt the guys bidding who have a real plan and renewable working capital. IT takes many years to profit steady. In the meantime, those people destroy profits for anyone who actually know what they are doing. Instead of making a profit every 4 or 5 years, we could profit every 3 or 4.
Most people don't learn until after they bankrupt themselves and hurt others who have been in it. those people are viewed like the people who go to all you can eat buffets and pull a chair up to the buffet with their fork. That's not how it works and they look stupid and just hamper the whole thing.
Other than that, I have no opinion, and good luck if you want to try it. Watch Pawn Stars... see how he fixes everything before he sells it? honest man. everyone else? might as well pull a chair up to the all you can eat buffet and make sure to sneeze and drool on what you don't eat.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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