I don't know this gentleman and I'm not affiliated with him in any way. I just stumbled across his videos on YouTube. It's pretty amazing stuff. Sure, he's gobbling up ridiculously low real estate bargains in questionable areas of Detroit...but he's making huge profits.

Has anyone done this in the New England area, Massachusetts?

Here's one of his videos:
http://www.youtube.com/watch?v=kHArANUTwqQ

From that video, you can go to his YouTube channel and see all the other videos of houses he's picking up at unheard of bargain basement prices.

Chuck

WOW, thats amazing... $3000?

I live in Australia. In my state property prices have defied downturn and have actually risen by 2.6% in the last 12 months. Growth has slowed in our state, but is still positive. However, it is a buyers market as prices have stabilized and interest rates have dropped from 9.61%p.a. to just 5.41%p.a. and are expected to drop a little bit more.


So while our prices aren't as cheap as the U.S. for the short-term anyway you get a more stable investment. You can't pick much up for under $200,000 here though!

maybe not in your back yard but there are lots of bargains to be had all over australia at present

This post has been edited by realdoub: Jan 4 2010, 08:26 AM