Quote:
Originally posted by bdjuf
pocket the difference, therefore create an asset
and after a few years sell/trade the building?
so a) you make money off the rent and b) you make hardcore cash when you sell it?
am I getting this thing right?
|
No, you hold on to the properties, build equity, then jump into preforeclosures or foreclosures. Borrow against the equity you have built up since the preforeclosures and foreclosures are cash deals only.