Quote:
Originally Posted by HuskyMan
From what I gather about your business practices, you look forward to foreclosing on someone who is the unfortunate victim of bad luck. You don't allow them a break one, do you???
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No: I'm interested in buying homes that are bank-owned and ALREADY foreclosed. A lot of those people took out mortgages so high as to make their monthly payment 1.5x to 2.0x what the place would rent for. That was bad investing on their part, period -- I'd not buy a property where my monthly payments vastly exceed what it can rent for, not even as a home, since I'd want to know that if circumstances were bad, I could rent it or share it and end up with low to negative costs.
Not a "slum lord" or a "bankster". (thanks for editing

) I have no interest in owning properties in a blighted area and dealing with the types that typically rent there. As far as "banksters", I'm doing this so as not to have to play the fawking bankster pigs' game. I want a predictable, steady, boring income stream, enough to pay for basic expenses and then some from my rentals within a few years. And to be able to live out the rest of my life without worrying about things like making the mortgage payment, credit card debt, or bad credit. In short, it's more about my independence FROM banksters and my ability to drop out and stay dropped out of the "rat race" indefinitely. ASAP.
While others are interested in new BMWs and big houses, I'm looking to buy things that will make me money. If I'm going to stay in this country, I have no interest in "living" like the average American, with their 50 hour work weeks and their two shyttie weeks of vacation.