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August 03, 2006


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You are right on- this is the time to make some money. A stratgey several of my rei friends are using here in Phx is finding properties with plenty of equity (read here at least $90K) to buy, get a heloc to hold, and reinvest part as well. It is so much fun! (and warning: highly addictive)

Great post, FMF. On my street, prices are still going up and up. The problem? Houses are sitting on the market for months and months. I wonder who's going to be the first realist on the block to drop the prices way down in order to sell in a reasonable amount of time.

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