I think it is not the same guy. There must be lots of them! I would still rather buy the 6 houses in the next few years. One would be way ahead of the loan mod guys in cash flow and equity doing this.

I know it is a messed up system, but the guy I was talking with doesn’t have a free lunch. He is going to have to work really hard now and have a lot of luck with the economy, to make it work long term. It seems like he is willing to do whatever it takes, including manage 6 upside down properties for a couple of hundred bucks a month cash flow. His motivation is a hope for betterment of his situation 20 or so years down the road.