[peterb]

Having lived through this before, I can tell you that buying and holding right now is dangerous. Actually flipping is the only thing that makes sense if you can get it cheap enough. That’s a big “if”. The owner of the debt is going to be the one that allows you this deal. Like buying for 30% to 40% of the LOAN amount. Not the market value or any other measure. The loan amount. The first loan amount.
Given that foreclosures are rising rapidly, the lenders are capitulating because they hold the shadow inventory, so they know what’s coming. More of them! If you can get to them, and get them to do the deal, you’ve got a shot at making good money. Making money in a declining market is a game for professionals! And 30 to 40% off the first loan is the prices the best are paying, and they know their game very well. And they will be competing against you when you and them put your “flips” back out on the market.

[peterb]

Having lived through this before, I can tell you that buying and holding right now is dangerous. Actually flipping is the only thing that makes sense if you can get it cheap enough. That’s a big “if”. The owner of the debt is going to be the one that allows you this deal. Like buying for 30% to 40% of the LOAN amount. Not the market value or any other measure. The loan amount. The first loan amount.
Given that foreclosures are rising rapidly, the lenders are capitulating because they hold the shadow inventory, so they know what’s coming. More of them! If you can get to them, and get them to do the deal, you’ve got a shot at making good money. Making money in a declining market is a game for professionals! And 30 to 40% off the first loan is the prices the best are paying, and they know their game very well. And they will be competing against you when you and them put your “flips” back out on the market.

[peterb]

Having lived through this before, I can tell you that buying and holding right now is dangerous. Actually flipping is the only thing that makes sense if you can get it cheap enough. That’s a big “if”. The owner of the debt is going to be the one that allows you this deal. Like buying for 30% to 40% of the LOAN amount. Not the market value or any other measure. The loan amount. The first loan amount.
Given that foreclosures are rising rapidly, the lenders are capitulating because they hold the shadow inventory, so they know what’s coming. More of them! If you can get to them, and get them to do the deal, you’ve got a shot at making good money. Making money in a declining market is a game for professionals! And 30 to 40% off the first loan is the prices the best are paying, and they know their game very well. And they will be competing against you when you and them put your “flips” back out on the market.

[peterb]

Having lived through this before, I can tell you that buying and holding right now is dangerous. Actually flipping is the only thing that makes sense if you can get it cheap enough. That’s a big “if”. The owner of the debt is going to be the one that allows you this deal. Like buying for 30% to 40% of the LOAN amount. Not the market value or any other measure. The loan amount. The first loan amount.
Given that foreclosures are rising rapidly, the lenders are capitulating because they hold the shadow inventory, so they know what’s coming. More of them! If you can get to them, and get them to do the deal, you’ve got a shot at making good money. Making money in a declining market is a game for professionals! And 30 to 40% off the first loan is the prices the best are paying, and they know their game very well. And they will be competing against you when you and them put your “flips” back out on the market.

[peterb]

Having lived through this before, I can tell you that buying and holding right now is dangerous. Actually flipping is the only thing that makes sense if you can get it cheap enough. That’s a big “if”. The owner of the debt is going to be the one that allows you this deal. Like buying for 30% to 40% of the LOAN amount. Not the market value or any other measure. The loan amount. The first loan amount.
Given that foreclosures are rising rapidly, the lenders are capitulating because they hold the shadow inventory, so they know what’s coming. More of them! If you can get to them, and get them to do the deal, you’ve got a shot at making good money. Making money in a declining market is a game for professionals! And 30 to 40% off the first loan is the prices the best are paying, and they know their game very well. And they will be competing against you when you and them put your “flips” back out on the market.

[peterb]

Cramer’s calling a bottom. So you know it’s far from over! Every single indicator is terrible and now I’m starting to hear people say “flipping” and “bottom calling”. When sentiment turns up while the fundementals are still terrible… This is a sure sign that this is a completely false rally. You want to look for the opposite situation of fundamentals improving while sentiment is decreasing!!! Why dont people get this. It’s not rocket science! Buffett, Faber and Rogers cant shut-up about it and make fortunes on this simple concept.
Foreclosure’s rising, unemployment rising and now it looks like we’re headed for a global recession.
Check out Mr Mortgage’s latest comments.

The only guys that can make money in this environment are very professional. Dont try this at home!

[peterb]

Cramer’s calling a bottom. So you know it’s far from over! Every single indicator is terrible and now I’m starting to hear people say “flipping” and “bottom calling”. When sentiment turns up while the fundementals are still terrible… This is a sure sign that this is a completely false rally. You want to look for the opposite situation of fundamentals improving while sentiment is decreasing!!! Why dont people get this. It’s not rocket science! Buffett, Faber and Rogers cant shut-up about it and make fortunes on this simple concept.
Foreclosure’s rising, unemployment rising and now it looks like we’re headed for a global recession.
Check out Mr Mortgage’s latest comments.

The only guys that can make money in this environment are very professional. Dont try this at home!

[peterb]

Cramer’s calling a bottom. So you know it’s far from over! Every single indicator is terrible and now I’m starting to hear people say “flipping” and “bottom calling”. When sentiment turns up while the fundementals are still terrible… This is a sure sign that this is a completely false rally. You want to look for the opposite situation of fundamentals improving while sentiment is decreasing!!! Why dont people get this. It’s not rocket science! Buffett, Faber and Rogers cant shut-up about it and make fortunes on this simple concept.
Foreclosure’s rising, unemployment rising and now it looks like we’re headed for a global recession.
Check out Mr Mortgage’s latest comments.

The only guys that can make money in this environment are very professional. Dont try this at home!

[peterb]

Cramer’s calling a bottom. So you know it’s far from over! Every single indicator is terrible and now I’m starting to hear people say “flipping” and “bottom calling”. When sentiment turns up while the fundementals are still terrible… This is a sure sign that this is a completely false rally. You want to look for the opposite situation of fundamentals improving while sentiment is decreasing!!! Why dont people get this. It’s not rocket science! Buffett, Faber and Rogers cant shut-up about it and make fortunes on this simple concept.
Foreclosure’s rising, unemployment rising and now it looks like we’re headed for a global recession.
Check out Mr Mortgage’s latest comments.

The only guys that can make money in this environment are very professional. Dont try this at home!

[peterb]

Cramer’s calling a bottom. So you know it’s far from over! Every single indicator is terrible and now I’m starting to hear people say “flipping” and “bottom calling”. When sentiment turns up while the fundementals are still terrible… This is a sure sign that this is a completely false rally. You want to look for the opposite situation of fundamentals improving while sentiment is decreasing!!! Why dont people get this. It’s not rocket science! Buffett, Faber and Rogers cant shut-up about it and make fortunes on this simple concept.
Foreclosure’s rising, unemployment rising and now it looks like we’re headed for a global recession.
Check out Mr Mortgage’s latest comments.

The only guys that can make money in this environment are very professional. Dont try this at home!

[peterb]

I think the DOW is going to really correct down soon. Looks like a lot of foriegn money is going from debt to ownership now. They’ve got to do something with those damn deflating US peso’s.
So now it’s gonna be buy-in time.
The only bright note I see is that the UD$ is now correcting to reflect actual weakness in competing currencies. Great!
I still think commodities is probably the safest play toward the end of this year. Hope the US$ holds till then.

[peterb]

I think the DOW is going to really correct down soon. Looks like a lot of foriegn money is going from debt to ownership now. They’ve got to do something with those damn deflating US peso’s.
So now it’s gonna be buy-in time.
The only bright note I see is that the UD$ is now correcting to reflect actual weakness in competing currencies. Great!
I still think commodities is probably the safest play toward the end of this year. Hope the US$ holds till then.

[peterb]

I think the DOW is going to really correct down soon. Looks like a lot of foriegn money is going from debt to ownership now. They’ve got to do something with those damn deflating US peso’s.
So now it’s gonna be buy-in time.
The only bright note I see is that the UD$ is now correcting to reflect actual weakness in competing currencies. Great!
I still think commodities is probably the safest play toward the end of this year. Hope the US$ holds till then.

[peterb]

I think the DOW is going to really correct down soon. Looks like a lot of foriegn money is going from debt to ownership now. They’ve got to do something with those damn deflating US peso’s.
So now it’s gonna be buy-in time.
The only bright note I see is that the UD$ is now correcting to reflect actual weakness in competing currencies. Great!
I still think commodities is probably the safest play toward the end of this year. Hope the US$ holds till then.

[peterb]

I think the DOW is going to really correct down soon. Looks like a lot of foriegn money is going from debt to ownership now. They’ve got to do something with those damn deflating US peso’s.
So now it’s gonna be buy-in time.
The only bright note I see is that the UD$ is now correcting to reflect actual weakness in competing currencies. Great!
I still think commodities is probably the safest play toward the end of this year. Hope the US$ holds till then.

[Author]

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