patrick.net

Interesting, but I don't know enough about the subject to separate out the mythology. I'm sure some of the stories misrepresent the facts just because the stories are so far separated from the storyteller.

perpetuallyastonished says

Anybody know what an "upper-decker" is?

Not sure you really want to know: http://www.urbandictionary.com/define.php?term=Upper+Decker

Anyway, very interesting post. Thanks for it!

Yeah people, a few titallating anecdotes and you got the whole picture.... from a semi-literate jerkoff totally immune to "rockstar syndrome" now that he finally has an audience. Yes sir, lay it on thick, the peeps love it. Yeeaaah, those greedy capitalist bastards, they're all unscrupulous, thievin', slimy conmen! Well then folks, why don't you principled, self righteous pietists, why don't you get in the game. Someone needs to clear the inventory before the housing market totally self destructs. So, get in. Bring your ethics into the arena... since all the rest are evil. This article is irrelevant, but evidently sufficient fodder for simple minded bashers.

dildobreath says

Yeah people, a few titallating anecdotes and you got the whole picture.... from a semi-literate jerkoff totally immune to "rockstar syndrome" now that he finally has an audience. Yes sir, lay it on thick, the peeps love it. Yeeaaah, those greedy capitalist bastards, they're all unscrupulous, thievin', slimy conmen! Well then folks, why don't you principled, self righteous pietists, why don't you get in the game. Someone needs to clear the inventory before the housing market totally self destructs. So, get in. Bring your ethics into the arena... since all the rest are evil. This article is irrelevant, but evidently sufficient fodder for simple minded bashers.

Guys, guys, guys... looks like we hurt someone's feelings. We have to tone down the rhetoric in here. There are some rich people trying to make some (more) money. After all, they have bills to pay too! They're just scraping by. No need to come down so hard on them.

Welcome to the real world people, this happens everyday. Thought you guys knew this stuff?

dildobreath says

why don't you get in the game.

Why would someone play games with so much money? Most of us don't have enough to play.

So, free tid bit on real estate. (this thread helps demonstrate the proof)

"You make your money on the buy, not the sell."

LarryPatrickMaloney says

Welcome to the real world people, this happens everyday. Thought you guys knew this stuff?

So, free tid bit on real estate. (this thread helps demonstrate the proof)

"You make your money on the buy, not the sell."

Completely agree. Just like these poor chaps: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/07/01/BUPQ1K504I.DTL These local boys were just trying to make a buck - nothing wrong with that.

If they hired thugs to break the kneecaps of anyone else trying to move in on their game I totally wouldn't blame them. Whatever it takes. Everyone's gotta put food onna table, right?

APOCALYPSEFUCK is Tony Manero says

You scum-sucking retards! Get with the program! People don't live in fucking houses. Only ASSHOLES live in houses! You invest, flip, broker and use them to launder money from other enterprises to offshore accounts where the tax man can't get at your money.

I disagree with some of this.

blueskytwo says

Hello, everyone, this is me in this site made the first post, I hope to make friends with everyone.

What on earth are you talking about? Are you trying to say that you are the guy who posted to reddit? That seems unlikely, but OK.

blueskytwo says

Hello, everyone, this is me in this site made the first post, I hope to make friends with everyone.

No I'm not sending any good faith money to your Nigerian bank.

blueskytwo says

Hello, everyone, this is me in this site made the first post, I hope to make friends with everyone.

Ahso, we have happy happy fun time.

blueskytwo says

Hello, everyone, this is me in this site made the first post, I hope to make friends with everyone.

Depends. Bear or Bull?

dodgerfanjohn says

blueskytwo says

Hello, everyone, this is me in this site made the first post, I hope to make friends with everyone.

No I'm not sending any good faith money to your Nigerian bank.

User blueskytwo was definitely a spammer. Thanks for alerting me.

That was a test comment to see how good our forum immune system is. I get many a day like that, almost always from foreign countries (Japan this time), but usually they don't bother to actually confirm their test-spam comment by clicking on the link in the confirmation email. So I just blow them away each morning, and they creep back in at night.

Ouch. Thanks for telling me.

OK, fixed now, I hope. Let me know if not by including "@Patrick" in a comment. I will see that comment for sure. I might not see it if you don't include the @ sign.

Great article > thread. Great find. Thanks for sharing. I gotta say nothing really surprising (or disturbing) but confirming suspicions, like watching a reality T.V. show. I think the author is legit with his facts.

APOCALYPSEFUCK is Tony Manero says

Nivana is an America where a 2/1 condo in Lansing is a seven figure proposition and every paper boy owns 26 rental properties, 124 time shares, 72 SFH and flips them all in a week with all the meth dealers and arsonists who are the bold brave backbone of our Free enterprise system.

@Patrick, can you code a way for me to multiple-like posts?

APOCALYPSEFUCK is Tony Manero says

flips them all in a week with all the meth dealers and arsonists who are the bold brave backbone of our Free enterprise system.

Amazing!

Patrick,

Something is wrong with ignore function. Lately I can see the comments from people I have on ignore list.

FunTime says

@Patrick, can you code a way for me to multiple-like posts?

You mean double-like? It would complicate things, but maybe you should get some once-a-day "like bomb" to use on a post you really like...

E-man says

Who on Patnet believe they can do this without a coach? How much are you willing to pay to learn the ins and outs of this business? Mal & EBguy?……………… :)

I’m happy to answer any questions you guys may have. However, there are certain things I can’t disclose on a public forum.

E-man, thanks for the summary and additional input.

I don't think it is a question of how much I would pay to learn the ropes of buying foreclosures. The question is, even I knew the ins and outs, would I have the time to research properties and attend the auctions?

As I have a small business I certainly do not have the time for this. Particularly since many of the auctions are held during business hours. Moreover, although I may sell my business in a few years and could see myself delving more into real estate, for now, I want to buy just one multi to owner-occupy.

Now, if you (or someone you know) is already attending these auctions and willing to give me a "cost plus" deal, well, let's talk. The poster says "The only way I see buying a single auctioned house is to contact people who buy foreclosed houses in bulk. Just buy the house straight from them with no flipping done and let them take a 10% profit for there work.

If you or anyone else on here can assist in this regard, I know exactly what I want, have the cash, and am a no-BS sort of guy.

You mean double-like? It would complicate things, but maybe you should get some once-a-day "like bomb" to use on a post you really like...

I was more joking, but your suggestion is really creative!

Ouch. Thanks for telling me.

OK, fixed now, I hope. Let me know if not by including "@Patrick" in a comment. I will see that comment for sure. I might not see it if you don't include the @ sign.

@Patrick: ?? was there something here that got deleted. Why ouch?

and they creep back in at night.

That is like some image from a horror movie about rats that nibble off your toes and the end of your fingers and nose in the middle of he night when you are sleeping.

(@AF, how did I do on that one? My first attempt at a gruesome image. )

I have one more graphic if you might like it better...

LIke starving rats trapped to a can and duct taped to your asshole. They will eventually get in. (@AF - better?)

bg says

was there something here that got deleted. Why ouch?

That ouch was in reference to this:

bubblesitter says

Patrick,

Something is wrong with ignore function. Lately I can see the comments from people I have on ignore list.