As the real estate cycle changes I now find myself investing again in bank-owned properties. This is how I began 11 years ago at the bottom of the last cycle. What a ride that was!!! Currently the market is much more appealing to a real estate investor than it was back then. What I am buying currently cashflows at 15-20% without financing! Imagine the returns using financed money! As we all know, the banks are in a mess, and getting financed can be a long process. They are so over-whelmed that the simplest transactions take 45 days. Enter.... Private money. This is business with the people for the people! Back to basics! Most people are getting watered-down returns (if any), in part due to the fact that there are too many middlemen and also due to the fact that investments open to the general public have to be 'sanitized'. By this I mean, it has to be 'safe' and that anyone can do it without using their brain. Unfortunately too many people rely on others to read more click here
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