Caught this guy on nightline.
Basically buys a bunch of small homes sight-unseen for pennies on the dollar. Does no fixing-up, just sticks a sign on them that says down payment amount and monthly cost. People buy as-is, he gives them a 12% interest rate.
Bargain Basement: Foreclosure Rise Boosts This Investor's Bottom Line
Basically buys a bunch of small homes sight-unseen for pennies on the dollar. Does no fixing-up, just sticks a sign on them that says down payment amount and monthly cost. People buy as-is, he gives them a 12% interest rate.
Bargain Basement: Foreclosure Rise Boosts This Investor's Bottom Line