Posted by David Krulac on March 12, 2001 at 22:12:10:
might should have been would. I think that anytime you accept a property without good title, you are running all kinds of risks. I don’t recommend it. But I have done it and I know some people that have multiple properties with bad titles that they have had for years. As long as they rent them and don;t try to sell them, they’re ok. The prices were so cheap, that the rents paid for the properties long ago, everything else is gravy and if they lose the property tomorrow, they still made a ton of money. One guy has a property that he paid $2,000 for 20 years ago and rents for $375 a month!