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Updated about 5 years ago on . Most recent reply

Teresa Alvarez's profile image
Teresa Alvarez's profile image
Teresa Alvarez
  • from Plano, TX
  • Member since Jan 28, 2020
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Teresa Alvarez's profile image
Teresa Alvarez's profile image
Teresa Alvarez
  • from Plano, TX
  • Member since Jan 28, 2020
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Teresa Alvarez
  • Plano, TX
7
Votes |
12
Posts
Wholesaling

How start wholesale process on a foreclosed or auctioned home?

Teresa Alvarez
  • Plano, TX
Posted

I think I have a good deal. House is for sale at auction for $125,000. It is a value based foreclosure auction. And comps in the area are $279,000-$308,000. Do I have a good deal and should I move on it.

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Steve Smithy's profile image
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Steve Smithy
  • from Boston, MA
  • Member since Jun 4, 2008
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Steve Smithy's profile image
Steve Smithy's profile image
Steve Smithy
  • from Boston, MA
  • Member since Jun 4, 2008
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Steve Smithy
  • Boston, MA
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Steve Smithy
  • Boston, MA
Replied

Well you wholesale a property after you own it, just finding a property listed at auction isn't any kind of value to an investor!  As for if you should buy it or not, is that the starting price for the auction?  You should at least try to drive by and peek into it if you can (if vacant anyway).  Get more info before jumping in!

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