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foreclosure property
I try to by investment property this way.
+'s lower price,
-'s usually not in good shape, need to VERY carefully examin ,
get estaments on cost to repair. check previous purchase price
Bank will work with you if they think you are a good risk, but may require a larger down payment than normal.
But get your information all togeather before you talk to them seriously. Don't take there first price as gospel ,NEGOTIATE, don't be afraid to walk away. Twice I walked and they came after me a week later. Spend the money for a good licenced inspection',
take this with you to the negotiation's . this can be done to your benifit it just takes a little work. If I can be of any further help E-mail me and I'll ans. Dave
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