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Old March 18, 2008, 02:02 PM
killarney
 
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Default Re: The STORM has hit.

Gordon,

I think the membership site would be fantastic. I would join and would contribute anything I can.

As for the recession I agree. I'm in the real estate field and I empathise with people who have to sell. Everyday I see more and more foreclosures. Some banks are reducing prices quickly. Others more deliberately. Some people are still living in a dream world in terms of the value of their home.

They're in for a shocking awakening. It is not uncommon to see days on market of over 1 year.

I'm looking to buy and hold. Had been a flipper but have changed strategy. Have to. Unless you can buy something dirt cheap and turn it you're taking a big risk.

Everybody seems scared. They're waiting to pull the trigger. However, if you can cash flow the house with a renter or lease option tenant and wait it out the end could be very profitable.

Just to give folks a view from my perspective. But yes the site you talk about - I'm all for it.
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