Consider acquiring a new hobby: buying and selling real estate. In this environment it's not hard to get good deals if you have the cash. I've bought over 20 pr

Consider acquiring a new hobby: buying and selling real estate. In this environment it's not hard to get good deals if you have the cash. I've bought over 20 properties in at courthouse foreclosure auctions in conjunction with other investors, and all I have is $1M or so. I've sold 8 of them, and average 30% returns over 6 months. And it's not hard, it just takes patience and time. Get a good agent and start small, 50 to 100K per deal. Buy AT LEAST 30% below market value for flips, or aim for 2% of the property's value in rent per month for rentals. Read biggerpockets.com. Most deals on the MLS are market price and not worth it. Never buy at market price. For example, 16143 CAMINO DEL SOL, Los Gatos is being auctioned off RIGHT NOW, as in Thurs 5/27 11:30 AM. It's 3 bed 2 bath 1700 square feet built in 1955. Its estimated at around $1M but bidding is starting at $650K at the Santa Clara County Courthouse. I bet someone's going to get it for 700 to 800K or so and flip it.