He recently found a buyer for the property and is going to turn a profit of .30 cents on the dollar!

(Beal Bank out of Texas, they seem to own every third REO property around here, as they have astutely been buying up failed bank assets around the country for pennies on the dollar).

What exactly does it mean to buy (for example) 50 cents on the dollar?

But when the dollar falls in value, and with the yuan pegged to the dollar, it reduces the value of their currency and their savings.This talk of some global currency reminds me of the Amero discussion that came up a while back.

If you are actually investing a Million dollar, it would be worth your money to talk to someone who specializes in this area. 

If the fair market value is high and he knows what to look for, then what are you expecting to find that's going to be high dollar?

Buying a house in San Jose is an accomplishment in it's own right... but my initial thought, from an investment perspective, is you could have used that cash in other geographies getting you a higher return/dollar.- it seems like you're well traveled and that wouldn't scare you. ...

I would almost as soon leave a young man a curse, as burden him with the almighty dollar.

I Just got a property under contract the other day in Trenton NJ, Mercer County.Under Contract For ONE Dollar!

If you do, and you're buying the home at a deep discount (as is the typical wholesaler's way of doing business), wholesaling is a violation of that duty, since you're not working in the seller's best interest.Not that I disagree with your last point, but I might argue that whatever a home sells for when a wholesaler sells it, is probably close to the top dollar it can get.