Posted by Bill Gatten on May 14, 1999 at 15:35:15:
Upside down mortgages can be very lucrative, if you can get the property little or nothing out of pocket (or some out of pocket, which your tenant reimburses you in exchange for tax write and a share in other ownership benefits) and have someone else make the payments and handle all costs of upkeep.
In doing these OEC’s you just have to wait longer for your profits… excellent lay-away investments for retirement. 'Course you’re probably a young chick and figure retirement is a million years from now. Me? I think of nothing else these days (except for why mankind has never improved the taste of prune juice).