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Build a real estate empire
Build a real estate empire
The collapse in real estate prices is bad for many. But it's good for one particular set of people: Those with money to buy.

Dennis Fassett, a 47-year old exec at a Michigan auto parts company, is using his six figure salary and some previous real estate investments to snap up good properties at bargain prices.

Since the downturn hit, he's bought 11 new properties. In 15 years, he says he'll sell half the homes and live off the income from the other half, an estimated $12,000 a month.

"This is the best retirement plan I could imagine," he said. "Finally, guys like us can use the downturn and make some good out of it."

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Last updated June 22 2009: 11:47 AM ET
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