As one of my regular readers pointed out, if one is experienced with foreclosure homes, he might not touch it again. You may lose competition against regular homes. I think some point of time there were explanation I came across, which goes you buy the foreclosure home at low price and sell it with higher price. Only possibility you can do this would be you repair the damages. But, how and where you get money to repair it. If you show the property without repairing it, the possibility is that buyer hopes to get even lower prices.
My feeling is that this is not a business for everybody. If you have knowledgeable, experienced professional help, you may be able to play in this market. If not it is not easy ride. This is some unnecessary addition, but I have some emotional resistance to use foreclosure homes which previous owner needed to give up with lots of pains. Don't you?
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