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Buying Foreclosed Homes
lizzy7five3
post May 7 2009, 10:25 AM
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You always see those ads on tv which talk about buying houses for 100 dollars down for low low prices >.>

Im just wondering if any of you tried to get those houses and flip them for profit? and how it turned out for you.


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Lesbian
post May 7 2009, 12:19 PM
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is this strategy only usable in us???? anybody from outside us tryin before???? it wil work in asia country like hongkong ornot???? anybody know????


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dannyson1
post May 11 2009, 01:00 AM
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QUOTE (Lesbian @ May 7 2009, 01:19 PM) *
is this strategy only usable in us???? anybody from outside us tryin before???? it wil work in asia country like hongkong ornot???? anybody know????


I highly doubt you can buy them for that little there must be a catch. I would like to hear from somebody who has tried it before but from experience I know that if something sounds too good to be true then it probably is smile.gif


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Stijn1234
post Aug 6 2009, 11:24 AM
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QUOTE (dannyson1 @ May 11 2009, 11:00 AM) *
I highly doubt you can buy them for that little there must be a catch. I would like to hear from somebody who has tried it before but from experience I know that if something sounds too good to be true then it probably is smile.gif


Indeed, I have the same feeling when hearing these stories. The piece of land is always worth tens of thousands of dollars, it's nonsense to sell for a couple of hundreds of dollars...


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Lambo
post Aug 7 2009, 01:59 AM
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I think they may be talking about tax lien foreclosures, where you can acquire property for pennies on the dollar, but does not happen that frequently.

But I am sure if you have 10K you can pick up a foreclosure property


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