A local well know DC Investor has said that this bailout deal is going to be great for investors. One reason is that he believes that the Fed. government is going to end up in the home selling business … meaning they are going to buy out bad assets from banks and then deal with them by either renegotiating the bad paper, or by foreclosing on those assets that are unable to be renegotiated. He thinks that the government is then going to end up selling those foreclosed assets (houses) back to both commercial and private buyers who will be able to buy these properties for .30 - .40 on the dollar. I’m looking for opinions on this - and if this is in fact what others think. If so, how are you planning to take advantage of these deals when they become available? Thanks for your input.
By the way, if you are in the Washington DC area, let me know if you are interested in discussing this further. I will be looking for business partners to take advantage of this great opportunity, should this be the case.