Real Estate - Thanks to the financial crisis, I've been able to pick up some cheap real estate that generates cash flow. Currently, I'm making about $50k/year.
I've always wondered, when you try to vulture on cheap property during a crisis, are you able to secure financing at all or do you have to buy all-cash?
I'm not an American, so financing is a little more difficult but if you are willing to put down 25%, it's doable. With 50% down, almost anyone will give you financing. This is institutional financing...there's always private money with higher interest rates...they are much more flexible with the terms.
Cash is king. You can get better deals if you have all-cash and can close quickly.
