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The market is messed up in my area, foreclosures are selling at or above retail value. My dad and I have been looking into purchasing a property since this last August and all of our bids have been rejected. We're only trying to make like $10k per property, too. The folks we're losing out to are either working for very little, planning to fix it up and live in it, or have no clue what the hell they are doing. Probably a mixture.
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