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As I said, the economy was terrible at that time. For investors, this is the perfect market condition.
我剛才說過，那時候經濟很不景氣，而對于投資者來說，這卻是一個絕好的市場良機。
A chunk of my money was in the stock market and in apartment houses. I was short of cash.
我把一大筆錢投資于股票和房地產市場，所以手頭缺少現金。
Because everyone was giving stuff away, I was buying. I was not saving money. I was investing.
每個人都在賣出，而我在買入。我不是在省錢，而是在投資。
My wife and I had more than a million dollars in cash working in a market that was rising fast.
我妻子和我把100多萬美元的現金投在了必將迅速上升的市場里。
It was the best opportunity to invest. The economy was terrible.
我們相信這是最好的投資機會。市場不景氣。
I just could not pass up these small deals.
我一定不能錯過任何一次細小的投資機會。
Houses that were once $100,000 were now $75,000.
原來價值10萬美元的房子現在只值7.5萬美元。
But instead of shopping with local real estate office, I began shopping at the bankruptcy attorney's office, or the courthouse steps.
但我沒有去本地的房地產公司買進這些房地產，而是去破產事務律師辦公室，或是去法院洽談業務。
In these shopping places, a $75,000 house could sometimes be bought for $20,000 or less.
在這些進行房屋買賣的地方，一幢7.5萬美元的房子有時可以按2萬美元或更低的價格買下。
For $2,000, which was loaned to me from a friend for 90 days for $200, I gave an attorney a cashier's check as a down payment.
首先，我以現金支票的形式支付給律師2000美元定金，這是我向朋友借的，借期90天、利息200美元。
While the acquisition was being processed, I ran an ad paper advertising a $75,000 house for only $60,000 and no money down. The phone rang hard and heavy.
當購買程序一啟動，我就在報紙上刊登售房廣告，以6萬美元、首付為零的條件，出售這幢價值為7.5萬美元的房子。我的電話鈴很快就響個不停。
Prospective buyers were screened and once the property was legally mine, all the prospective buyers were allowed to look at the house.
我對有希望成交的買主一一進行了調查和篩選，然后，當房屋在法律上歸我所有后，我就邀請所有有望成交的買主去實地看房。
It was a feeding frenzy. The house sold in a few minutes.
交易非常火暴，房子在幾分鐘之內就售出了。
I asked for a $2,500 processing fee, which they gladly handed over, and the escrow and title company took over from there.
我要求買主支付2500美元的手續費，他很高興地支付了。之后就由契約和產權調查公司接手了。
I returned the $2,000 to my friend with an additional $200.
我把2000美元和200美元的利息還給了我的朋友。
He was happy, the home buyer was happy, the attorney was happy, and I was happy.
他很高興、房屋的買主很高興、律師很高興，而我，當然更高興。
I sold a house for $60,000 that cost me $20,000.
我用2萬美元的成本買了一幢房子，又以6萬美元的價格賣出去。
The $40,000 was created from money in my asset column in the form of a promissory note from the buyer. Total working time: five hours.
凈賺的4萬美元以買主開出的承兌匯票的形式流入我的資產項。所有的工作時間累計起來只有5個小時。
