Wednesday, February 17, 2010

Dollar-Dollar Bill Y'all!

Hey there, People.
Ever sit back and think "what's the perfect money making biz"? What would be something that you could buy cheap and squeeze some yen out? What is the thing that is just hanging around and begging someone to come and scoop up?
Flipping houses? No, in my opinion it's not the time for that unless you're buying the house at an auction. You have to buy low, fix it up and then sell high. In this market you'll buy low and sell low.
Hard money loans? Maybe, but make sure you want whatever is tied to the loan if the borrower can not make his payment. Otherwise you can just go buy something you don't want or need (something my wife accuses me of).
Crack? There's legal issues to be aware of but, I hear it sells like.... crack.
How about buying the deficiency balances on foreclosed and short sales homes? That's the ticket. You go to the bank or investor and offer to buy the debt that he lost for pennies on the dollar. Then (this is where it gets good) you go after the people who have been chewed up and spit out by the economy in the first place. All you have to do is get some of the debt back and you should make a killing (the borrower's spirit, health, marriage & children's future).
Mark my words, there will be some late night infomercials (starring some 80s T.V. personality, like Alf) telling us how to make tons of loot from the comfort of our home.
Click on the title and see the depressing news from MSN.
God Bless.