Well there isn't much new going on. I'm just looking hard for some investment opportunities, but I'm stuck at this point with very little money to get into them. I saw this interesting site where you give this company $5000 and they give you a piece of junk house they fixed up with a renter. The basic principal is you refinance the house at new appraised price so you have 20% of the house already in equity making it possible to get the loan for 0 down. The margins are really low so I think that if anything happened to the place you would have to be out of pocket for expenses, but they do require you have enough liquid assets to carry 12 months of payments, so really you probably need at least 20 to start up. It was an interesting concept. http://www.bluemooncapital.com/ I think this company is actually making money hand over fist on the rehabbed properties, the fix-up costs and your $5000. It may be a better investment to buy stock in this company than to use their services.
My little brother is back from his adventures in the desert so hopefully I can put some of that rent money to good use paying down the last credit card, so I should have some investment capital soon. I'm trying to figure out the first investment right now, I'm really leaning towards a rental house to play with and leverage for capital on later commercial properties. Anybody know some crappy houses for sale in Abq? Let me know!
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