Investor Cashes in on 'Cheap, Shabby' Homes

An auction on the front porch, a crowd of nervous buyers, a few minutes to see the item -- and the bidding begins. This is how most homes in foreclosure are sold. But it's rarely how foreclosure king Odell Barnes snaps up the hundreds of properties he buys every year. Barnes operates by fielding dozens of calls a day -- from his own front porch. "I do most of my buying from right here," said Barnes, while sitting on the porch. "I do whatever I want to do. If I want to go fishing, I go...Full Story