Quote:
Originally posted by candyflip
I buy forclosed homes in the Ghetto. I've got 5 at the moment and haven't paid more than $2500 for any of them.
One was in such bad shape the the city gave me a $25,000 grant to put into the home to make it liveable.
My tennents are all placed via the Department of Social Services. And rent payments come directly from the state. So I don't have to deal with deadbeat renters and the checks always arrive on time.
That's my strategy. A buddy got me involved and my $12,000 or so investment brings in just about $3500 per month. Was out today looking at a few more properties.
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Great. This is exactly what I want to get into.
ThePornPusher
