notes: Why Would any Investor Buy Real Estate?????? - 02/23/11 12:21 AM
I am about to pull back the curtain and show you how to invest in real estate without contingencies, delays, appraisals, inspections.....tenants, toilets, and termites.
In fact, its what has made your banker rich.
To put it simply: don't buy the house, buy the note.
True Story: Robert bought a house in Florida for 62,000, and borrowed 54,000 to get the deal done. Then the market collapsed, and Robert--a laborer--fell on hard times. His house dropped to 35,000 in value, and his 54,000 note went into foreclosure, got sold a few times...and eventually ended up in my self-directed IRA. For a lump … (2 comments)

 
Fritz Barnes (BizProMedia)

Fritz Barnes

Aberdeen, NC

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