
Originally Posted by
samson_420
I suppose it depends on the market you are in.
I decided to invest all of my $ into a house. When my 1st house was going under and I the wife bounced I saved every cent I had until my foreclosure letter came. When it came, I already finished filing a BK to shovel off all of the debt me and the Axe Wife created. During this whole time I had a solid job and no bills, I saved back a fat wad of cash.
Right when the notice came I went out and bought me a run down house in a great neighborhood. With the help of friends and people I traded labor with, within a year the place is fully restored and I own it free and clear. The last house next me sold for 50% more than I paid for mine and it looked like total shit.
Put that in your pipe and smoke it FHA Financing.
The market here in AZ is bouncing back hard. My original plan was to invest in a few houses, then I lost my job.