Re: thinking of buying some foreclosed properties
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i figure with all the subprime problems in the US at the moment, there is a ton of insanely cheap opportunities out there. i'm wondering if anyone has experience buying foreclosed homes, i've never done it before and i don't know what to expect. ideally, i'd like to buy a bunch of houses at the same time for say 4-500k... any insight would be appreciated.
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1. Are you saying $500k for EACH home,or the whole portfolio would be a total of $500K?
2.What area of the country are you talking about?
3.Are you looking to buy/fix them up...then re-sell them?
4.Renting them out?
5.Do you have any prior experience in home buying?
Stephen [img]/images/graemlins/cool.gif[/img]
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