Quote:
Originally Posted by USMCFirebat
Massive foreclosures + 850 billion bailout of additional mortgages = unprecedented amounts of opportunities. There have been unbelievable amounts of short sale foreclosures in my neighboring upscale beach city La Jolla, CA. It means that with enough money and help, one can be bought and lived in as well as rented out. When the amount of rent incoming is more than the mortgage you pay, they are effectively paying you to live there. Add to the equation that housing prices will very likely be back on the rise in 5+ years, what you have is a sound investment.
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I see, but how would a college student get the money and help to mortgage one of these houses? It seems like you'd need a lot of money. (I'm not attacking your idea, just want to know more about it)