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Updated about 8 years ago on . Most recent reply

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33
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3
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Raj I.
  • Duluth, GA
3
Votes |
33
Posts

How in the world are picking up $5k-25k homes?! I'd pay for that

Raj I.
  • Duluth, GA
Posted

These days, any time I see a rehab home and check the price/tax history on zillow, I find that someone bought the property for 10k, rehab'ed it and is flipping it. How in the world are they getting these prices?! 

Sheriff sale?

Bank REO?

Short Sale?

Is one preferred over another?

Do you have a book or any other source which goes from A-Z? Would love to pay someone who has put in time to teach this.

Thank you for your time!

Most Popular Reply

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48
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7
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Evan Kilbourne
  • Consultant
  • Dana Point, CA
7
Votes |
48
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Evan Kilbourne
  • Consultant
  • Dana Point, CA
Replied

Some possible sources:

-Wholesalers finding off-market deals and sending them to their network of all cash buyers

-REO's

-Short Sales

-For Sale By Owners

You'll find plenty of people here on BP who use these techniques to find, rehab, and sell properties.

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