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Old 02-15-2014, 10:21 PM
spdrun spdrun is offline
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Join Date: May 2011
Location: NYC
Posts: 6,030
Quote:
Originally Posted by Hatterasguy View Post
I have one house now I have been following for two years. I still don't know who actually owns it. I know a couple of guys in the midwest who rehab and rent them before they close on them with the bank. The bank is so screwed up they never catch on.
Interesting model -- though it seems like a hell of a risk if ownership is screwed up and the bank can't/won't sell it. They might be out a lot of money for work if they can't recoup it with a few years' rent.
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