The first rule of buying distressed real estate at foreclosure is do your homework! Check your emotions at the door. First set your goals, are you in it for cash flow or are you looking to flip the property for a large gain? As our research has proven, buyers at a foreclosure auction seldom ever lose money. However, then it becomes a question of how much money you're going to make and here it all comes down to your plan. If you're looking to do exactly what Mike does, you buy the property as che...
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