Re: thinking of buying some foreclosed properties
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After reading every post in this thread that basically is negative on your idea I can say you can probably do some buying.
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I disagree. OP is not nearly ready to buy anything. Learn then buy. "Ready, Fire, Aim" sounds like a bad approach to me.
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aren't inflection points reached when the market sentiment is very, very much one sided?
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Don't get me wrong. I'm a huge advocate of buying RE right now. Now IS the time to buy. Now IS NOT the time for the OP to buy. That's because he doesn't know what he is buying and why. 'Investing' with No plan, no knowledge, and no understanding......hhhhmmmmmmm.......I'd rather play craps.
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Why not make some bids at low prices and see what you can come up with?
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OP - you're not ready yet. Learn first then buy.
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