mykidslovedogs
Full time employment: Posting here.
- Joined
- Dec 13, 2006
- Messages
- 860
I was just wondering if any of you have ever been involved with this relatively new "get rich quick" idea involving "saving" people from foreclosure by purchasing their houses way below value and then turning around and either reselling at or slightly below market or renting the house with a lease option to purchase contract?
One of my siblings is checking into this as a money making opportunity, and I was just wondering what some of this forums' comments are on the subject....what the biggest risks are, etc... Apparently, there are just thousands of people out there that have gotten themselves into big messes with potential real estate foreclosures, and there are all kinds of people now taking advantage of the situation. I keep seeing seminar advertisements on how to get into this "market".
Has anyone had any sucess with it or failures? Just curious.
Oops! Did I put this in the wrong forum? Sorry if I did. I'm kinda new.
One of my siblings is checking into this as a money making opportunity, and I was just wondering what some of this forums' comments are on the subject....what the biggest risks are, etc... Apparently, there are just thousands of people out there that have gotten themselves into big messes with potential real estate foreclosures, and there are all kinds of people now taking advantage of the situation. I keep seeing seminar advertisements on how to get into this "market".
Has anyone had any sucess with it or failures? Just curious.
Oops! Did I put this in the wrong forum? Sorry if I did. I'm kinda new.