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Updated over 6 years ago,

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6
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Charissa B.
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6
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Am I going about this the wrong way?

Charissa B.
Posted

Looking to get started investing in real estate. Interested in flipping. I've been looking at foreclosure properties Hartford and Tolland County. Since I'm new to this it's hard for me to accurately estimate how much renovations will cost and how much a property might actually sell for. But everything I've seen seems priced where once it's purchased and renovated there is little room if any for profit. I doubt banks are going to come down on price by $30k but that's what it seems like they would have to do for a profit to be made. Maybe foreclosure properties aren't the best way to get started?

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