Approximately 1.8 billion people have internet access according to the International Telecommunications Union.

Match.com says that approximately 1 in 5 relationships start online.

92% of employeed americans own cell phones.

Every second - 28,258 internet users are viewing pornography.

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The Brakes on, but the car is still moving! 

Ya, me and Scott had decided it was time to get things rolling again with the site.  I guess hiatus would be an understatement. 

Things started off pretty bad at the first of the month (April) when I lost out on 2 home contracts I had been working on for a few weeks.  Were talking about 60k in equity a piece and at least $300.00 a month in cash flow.  Ya..  Thats with rent loss, maintenance, repairs, management fees and a few incidentals thrown in for measure.

Both homes were owned by a local firm that was holding deliquent notes.  We had worked out a deal with the owner and was going to short the firm, but we never were able to get back to the negotiations after our inspection.  Odd how when you have a legitimate claim they think your trying to rob them.  Oh well. 

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Was listening to a guy today talk about a house he was about to buy and needed some advice on whether it would be a good deal.  The home had a pool and was going to be on the market for a suspected 30-45 days. 

A fellow investor told this guy to not buy the home.  Told him that it being a liability due to the cost to maintain a pool could essentially make it a detriment to purchase.  Also, the buyer thought that by having a pool he could get another 100 dollars a month rent.

The jest of this story was this:

By having a pool, the owner was looking at about a extra 75-100 dollars maintenance, plus the costs of the home sitting on the market for a extra 30-45 days.

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Don't Buy Until You Try! 

Have you ever bought something that you had no idea how to use, fix, or maintain?  Happens all the time.  People buy things without taking a moments thought at what it takes to keep that purchase in good condition and working like it should. 

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Winning a bid on a home with 30-40% equity is like pwning a noob in Call of Duty:WAW.  It's fun and all, but without some real competition, it's just plain easy.

Later Noobs,

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