Quote:
Originally Posted by Kenny B!
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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i've read some stories from the other end of the spetrum on this. foreclosed homes where they left everything behind. beds, couches, even big screen tv's because they didn't have the time or money to move them out of there. there are companies they hire to just throw all of this stuff right into the trash. apparently there is many homes doing this they don't have time to go through it and try to resell, so it just goes right into a dumpster.