I personally don't like posts that generalize about everything. And today I read some post from a guy who doesn't believe in properties, what he defines as "the rotten ones", that cost less than half a million dollars. And I'm wondering, what is there to believe or not believe? These properties exist. They exist. You can see them with your own eyes. What is there to believe or not believe?

Now, he doesn't believe in them as an investment strategy. Okay, but why generalize the entire sector of properties you define as "rotten"?

If a year ago I did a deal in North Carolina and bought it for $55,000, well below half a million, a tenth of half a million, we renovated it for $31,000, these are real numbers, guys, and in the end it sold to an end buyer who, granted, isn't from a high socioeconomic class, not from a low socioeconomic class either, but she bought that deal for $142,800. What is there to believe? It's something that happened.

So why generalize an entire sector? After all, we buy by address, a specific property in a specific location. I don't get it. I just don't get it.