2007-06-14 08:01:53 · 3 answers · asked by Pathfinder 1 in Business & Finance ➔ Personal Finance
Know your market fully. You can buy what you think is a cheap foreclosure, fix it up if needed, and then find out it's worth less on the market than you have invested.
Right now is a difficult time for making a profit buying foreclosures, since the market is flat to falling somewhat. By the time you turn around and find a buyer, you might break even IF you're lucky.
2007-06-14 08:28:28 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Buy a cheap foreclosure, fix it up and sell it for a profit.
2007-06-14 15:09:26 · answer #2 · answered by Anonymous 7 · 0⤊ 0⤋
You have to know the market and how much you might have to spend on any repairs. Buy low and sell high. Get some expert advice from Realtor, builder, lender, etc.
2007-06-14 15:08:54 · answer #3 · answered by QuarterRoy 2 · 0⤊ 0⤋