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The damages in foreclosures are usually factored into the price, if you have the crew to put the house back into tip top shape you can make really good money flipping them.
You see a wreck and someone else see's opportunity. You have to figure just about any home foreclosure or not will need paint and new carpets, and possibly appliances, people live like pigs!
My issue is with short sales and the amount of time it takes to get answers from the bank, holes in walls can be fixed in a day, getting a bank to review and offer and give a reply takes months!
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