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Investing Strategies

5 Amateur Hour Foreclosure Mistakes to Avoid

amateurWe’ve all had embarrassing moments. Some laughable and some downright humiliating… like, bury your head in the sand and don’t come out for years kind of embarrassing.

But if you could find ways to avoid those embarrassing moments, if you could take advice from someone who’s been there (um, me), wouldn’t you?

The answer goes without saying. Hey dudes and dudettes, it’s Cody Sperber back with some awesome sauce to help spare you some red-faced moments by sharing with you 5 rookie mistakes to avoid.

#1 Don’t Base Your Price on the Bank

Just because the bank lists a sale price doesn’t mean you should take that price, well, all the way to the bank. What I’m saying is the bank’s listed price isn’t the end all, be all. You’ve got to do your research. But, simply accepting the bank’s price as is, and then reducing it by 30% isn’t the way to go.

You need to calculate market value, add the repair amounts and account for your profit.…


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