I help a friend buy/sell tax and foreclosure properties. It's not simple, not cheap, and it's a full time job to do it right.
I got him into it all.
it's like farming. most of the time you loose, sometimes you break even, and every few years, you make enough to carry you through the past 4 years of loss. He doesn't get rich, neither do I, but we have turned blight neighborhoods into nice places for good families.
Your results may vary... please run away fast. The biggest problem are those people who go to a seminar, think they can walk in and walk out with a boat load of money, and hurt the guys bidding who have a real plan and renewable working capital. IT takes many years to profit steady. In the meantime, those people destroy profits for anyone who actually know what they are doing. Instead of making a profit every 4 or 5 years, we could profit every 3 or 4.
Most people don't learn until after they bankrupt themselves and hurt others who have been in it. those people are viewed like the people who go to all you can eat buffets and pull a chair up to the buffet with their fork. That's not how it works and they look stupid and just hamper the whole thing.
Other than that, I have no opinion, and good luck if you want to try it. Watch Pawn Stars... see how he fixes everything before he sells it? honest man. everyone else? might as well pull a chair up to the all you can eat buffet and make sure to sneeze and drool on what you don't eat.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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