Okay, so I’ve been wanting to tackle this for a while, and I’m going to be perfectly honest with you.
Part of me wants to do this. http://abcnews.go.com/Business/video/detroit-unveils-home-auction-website-23334007
Ridiculous, right? I live at least a thousand miles from Detroit, have no contacts there, and oh by the way I don’t have $1000+ waiting around.
Still, the prospect of insta-earnings on a rental like this has me battling that inner voice.
This inner voice is not the right one.
When starting a foundation, gambling may not be the way to go.
What is the difference between risk and gambling? Risk is calculated. Risk is researched. Risk is leveraged. Gambling… is more of a gut reaction. Be careful.
Now, if you live in Detroit, and have the means, the friends, and guts to do this, by all means, go ahead.
We’ve decided it’s not the season for this kind of wealth building.