Here you go- buy and flip for under a grand!

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A starting bid has no bearing on what the final sale price will be. There is also a problem of the true value of these homes which from my understanding, will be used to calculate the taxes owed for the year. So you can imagine if you budget owning a home for the unlikely $1K spending about $20K on a rehab only to be stung by about a further $20K in property taxes. I just had a property I purchased in an auction in LA revalued for double the price.