[Pukin Dog]

Title is probably the wrong word, before the house is paid off, but the home is NOT worthless in most cases. This is because invariably, there is a demographic of people (28-35) who bought more house then they could really afford to due creative financing. When I find these kids, all they want is to get out of the loan without having their credit destroyed. Moving them out is cheap compared to what I get in return, and if there is a young mortgage, I can always find a renter to put positive flow on the property after I've put enough money into it to make the place pristine. None of my properties are negative at the moment, and I don't expect that will happen with the home prices/interest rates/etc.

You do have to be selective, but you don't buy anything that you cant hold without a renter, but even then, it is a deductible loss.

[lewislynn]

This is because invariably, there is a demographic of people (28-35) who bought more house then they could really afford to due creative financing. When I find these kids, all they want is to get out of the loan without having their credit destroyed

More power too you but if the mortgage doesn't exceed the value and the homeowner has equity, any simple sale would do the same as you're doing, there's nothing magic and it isn't as if homes aren't selling in San Diego or even California (like some people, including ex-texans and self-loathing Californians, would hope to be true).

[It's me]

You live in Mira Mesa?!! Not the nicest place in San Diego.

With all that money you're making, why not live in a better place?