Saturday, August 18, 2007

Kioyaski is No Flipper but Cash Flow Guy

According to Kioyaski, over a million or so of flippers or speculators are being killed with their real estate investments. These are the people who bought a home for $250,000, put some money into it and then tried to sell for $500,000. What he advised is become a cash-flow guy, his example is go to areas where there's a number of jobs (maybe not the best paying) but alot of low paying jobs where people are going to need alot of low cost housing. Kioyaski usually pays around $65,000 per unit. Where in this country is there growth with that kind of scenario?