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Foreclosures in Virginia! The FEVER is back! But is it real?
The FEVER was lost for two years, but it's BACK!My Virginia Real Estate blog showcases the trends before you ever knew they existed. This is a new trend, and it is on fuego. Problem is, is it real?The message is slightly different, but the bottom line is still there: Buy Foreclosures, Flip and Get Rich!In the past it was Buy New Construction, Wait a Month, Flip and Get Rich. (see my post on Taxi Drivers pooling their money during the top of the housing bubble) This technique is also known as the greater fool theory. If you can buy it low, and sell it to a greater fool thinking he can do the same, you will profit. Rinse and repeat until the world comes crashing down like a pyramids of cards (oh and it did for some). So now I see people wanting to rebuild the pyramid, and they want in on the ground floor.
When five people say to me within 2 weeks "If you hear of a place that is a steal, let me know, I might buy it."Sorry, but if it is that much of a steal, and I hear about it first... You won't buy it because ... more

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