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"I figured I would run a car dealership, that it was better to sell cars than fix them up, " he says.
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W. Bush and former British Prime Minister John Major, to buy defense businesses, fix them up and sell at a profit.
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The strategy: snap up dozens, hundreds, even thousands, of distressed homes, fix them up and rent them out for robust returns.
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"He'd buy junkers, fix them up then he'd sell them on Craigslist, make a little money, buy a better car, fix that one up, " she said.
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But if most of these men and women waited for their friends to fix them up or for someone to approach them on the street, they'd most likely be alone forever.
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Investment sage Warren Buffett recently said now is a good time for investment pools to buy thousands of residential homes, fix them up, and rent them out for a good rate of return.
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Everyone has one, but no one is willing to open them up and fix them if something goes wrong, he said.
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If the successful CEO and the budget committee chairman can just explain the magnitude of the economic tsunami heading our way, maybe voters will wake up in time to let them fix it.
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And far from reconciling people to life's miseries, Pentecostalism tends to send them on a mission to fix things from giving up drinking to reforming society.
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Kelly oddly feigns a lack of certainty about how economically stimulative private equity is, but as evidenced by them only getting paid if they can buy a company and fix it up for sale at a profit, the answer to this seeming riddle is self-evident.
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