<p>I don’t think I like this guy…I would never hire this guy…I would not do what he did…</p>
<p>But I am going to take a different tact…</p>
<p>This guy got a great deal…
And I can see why some people do these deals…</p>
<p>The guy buys a 500,000 house for nothing down…
What would have happen if that house went to 1 million…</p>
<p>that guy would be up 500,000 with nothing down…</p>
<p>That is a heck of a return…(theoretically infinite)</p>
<p>And what happens if the house goes down in value…financially nothing…he walks…
The guy was really in a no lose–situation…</p>
<p>You can see why people would do this…</p>
<p>The guy might not be such a moron…</p>
<p>I might change my mind…maybe I have to rethink this…maybe I should think about doing things like this if the opportunity ever arises…(I am not recommending this for anybody else. :))</p>