fyi... i have 5 properties...
i'm mailing in the keys.
forget real estate!
Steve,
Don't get me wrong, please!
Don't mail your keys in. Hang on there to get even with a banker. Don't move out until the day eviction officers show up. If you do that, you save at least 9 month rent. That is about tens of thousand dollars. Even those money don't count as your income, but they are indeed your savings in a different perspective. Why move out to pay your rents?
As I mentioned in my earlier article, I had once stayed in a house located on the 8th Street, Arcadia, CA for about two years. When I got a divorce, lost my house and was forced into real estate as an agent. I can't afford an apartment rent and my listing seller let me move into the house to work out a short sale deal.
See I don't pay a dime to freely use the house for 2 years while I'd kept it up for paying the utilities only. In those 2 years, I save (or maybe earn) $20,000 at least. The best part of it is it is tax-free, like a tax credit. You pay nothing to IRS. So the gain is even bigger. Is it enough to use as your down payment for your next house purchase?
When you see those Wall street big fat cats collect hefty money, tens or hundreds of millions dollars as their retirement fund when they are forced out of their corporate door. You see all the average Joe on the main street suffered. Don't just say what kind of justice we have in the American society? Get even with the system! I mean to take advantage of the situation, but I strongly oppose your making damages to the house that doesn't do any good to you or our economy. Compliant is of no use, of course. Just evaluate the whole situation and be benefited from the worst. God treats everyone pretty fair if you know how to be cool and deal with it, sometimes.
Recently I read a news report that some guys have occupied a $2 million McMansion in Florida for more than 2 years. I am smiling at them. They are genius to enjoy the worry-free financial "freedom" as I did 10 years ago. Sure, they don't make any monthly payment to their bankers who are not willing to foreclose the properties as their Japanese counterpart did in the past 10 years. I wish I could be so lucky again.
God gives you a chance to save your money for a fresh start. Grasp the opportunity and please don't ignore it. If you don't have a rich dad, where you can get a better deal by staying in your houses without paying rent or payment every month?
Just pretend the God is your father as everyone says. You will be glad you do it.
Lucrative Grim Repo Man is Product of Economic Recession
By Marissa Blaszko
Staff Writer
"No matter what Dias may be doing, what he is showing is that in this great country, it's not hard to make money off of struggling workers - after all, isn't that what banks and oil tycoons do for a living?"
Yes, no matter what happen to our economy, our American society is always great.
Trust me. For any kind of market, bear or bull, there is always a lucrative opportunity for those who can think "POSITIVELY" and find a way to deal with and be benefited from it.
Just don't give up! folks.