Thousand Dollar Homes

Wow when you thought the housing market was done with surprises, here it comes again with $1,000 homes for sale. I could not believe my eyes when I read that. I was in awe for a brief second. If anyone wanted to make a killing renting, now would be the time to do it.

What is the catch you ask? The homes are in Flint, Michigan, one of the most run down neighborhoods in the United States. However, this is perhaps a once in a lifetime deal; this will not happen again for a very long time. These homes for the most part are what I said earlier: liens. If you want to stop giving you money away on borrowed time, it is a start. The people that are prudent with their money, will see that they could perhaps see a return on their investment should they rent out these homes at $200-300 with in 4-5 months. You will not be able to do that with a home here in Nevada. Like I said before, banks need buyers to get rid of the property. Don't believe me? Look here !!

Investments on the rise

Today is a wonderful day for me! WMT just hit $57 and Silver just hit over $11! However, this euphoria is just a fleeting moment for me. Silver will be surging in a few months. Those who have it now will be in awe as their portfolio triples and quadruples and those who did not believe will wish they did. Also it is my last month of rent and I am elated. I am moving again! Where to...somewhere way cheaper than where I currently live. Now is a great time to rent. It is a good time to buy property too, but this is just the beginning. If one waits the prices of real estate will falter even more.

Ahh, but there is a silver lining to the real estate cloud. For all those people that want to take that next step and buy property, there is a better way to do so. Banks are stuck with a bunch of land that they do not know what to do with. Meaning that they need to find a buyer to obtain revenue of their sale that just bellied up. This is where the money savvy has a chance to thrive!

Ladies and gentlemen, the worse word a real estate agent wants to hear. I wish to buy someone else's lien. There are lots of foreclosed properties on the market that need to be moved. It is like the "Clearance aisle" of real estate. There are also a lot of people that want out of their contract. Note: If you go this route, do not go towards a lien with a ARM (Adjustable Rate Mortgage). You just might lose an arm! Sure it might mean dishing out 50 to 60K, but you will actually get some mad equity on your investment. There are a lot of houses on the market, do not believe that you cannot get a lien. The recession is a chance of a lifetime and there will be some mad exchanges in the process. It all depends on what you are willing to spend out of savings for investing. If you start out, invest only 10~20% of your paycheck or monthly income. If you have debt, knock it out if it is a lot and then start investing.

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