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Foreclosures

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63
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Albert Yamoah
Pro Member
  • Rental Property Investor
  • Denton, TX
21
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63
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Auctions and setting limits

Albert Yamoah
Pro Member
  • Rental Property Investor
  • Denton, TX
Posted Oct 26 2014, 21:14

When purchasing homes at foreclosure auction, investors/end users are not able to do due diligance until after purchase. Is there a formula (along with fervent prayer) for setting limits to the amount one will bid on each house (i.e. calculating costs such as rehab when the house cannot be inspected)?

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