RE: Bingo!A lot of people have tklead to me about foreclosures since 2007. We have the means to repair anything. We did a couple at first where the investor was happy to pay. Then things started to tighten up. I went to some Vestus meetings and spotted a guy I knew from way back when. he and I tklead about the tight margins. It's not like it used to be even a few years ago. What I told Ray is if you cost the whole thing out you could just as well get a squeegee, bucket, some rags, and soap and make more washing windows than the risk there is in the foreclosure market.I have buddies who are sitting on a pile of poop waiting for the market to recover rather than sell at a loss. For me the risk is way to great. All it would take is another default of a government in Europe to stall the market, or a sudden rise in interest rates. Rate this comment: 0 0

by Cristhian 04:40:07 AM 2012.07.26