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Almost my first time :)

Posted by JTB on March 11, 2002 at 11:24 PM

At about the same time that I became interested in investing in
foreclosure properties, a few weeks ago, I just happened to come
across a nice fixer-upper . . . made the call and found out that it
was priced at $9,500 but was already under contract. So much
for that, however . . .

As I've never done anything like this before, what should my
strategy have been? What important questions should I have
asked, etc.,. Also, I probably could have come up with the
full amount somehow, but if not, could I have put down a
percentage to get things moving? Could have blindly whipped
out the checkbook and gone with 50% right then and there . . .

I know that I'm probably asking for a ton of info right off the bat,
but I'm really excited about learning that a purchase like this could
have been made so easily(?) . . . and that if there's one there's more.

Am I thinking too far ahead of the game?

Thanks in advance!



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