Best of luck
Cash is KING but if you go too low, you can loose the bid.
Best of luck to you,
Kawain Payne, Realtor
Shoot me an email if you want to talk about this some more.I don't look back on this same Trulia thread for answers posted after mine.
Realtor Since 1996
Main Street Realtors
Bottom line, do the research on the property...if you have a good honest agent listen to where they tell you to be in price and go from there.
Feel free to contact me anytime...email, phone or text.
Broker / Realtor
3500 W. Olive 3rd floor
Burbank CA. 91505
Search for Homes @ PacifixRealty.com
The quick answer is, if you have real cash, buy your properties on the courthouse steps. The best investor deals are properties purchased after foreclosure but before MLS listing. If you buy retail (even REOs), you'll almost always pay more. Savvy investors take their cash to auctions, and typically see a greater profit whether flipping or holding as income properties.
If you're new to bidding on homes at auction, please feel free to give us a call. We can help guide you through the process, as well as assist you in marketing and selling your properties for top dollar, should you plan to flip your purchases.
It's a great time to build wealth through real estate. Here's wishing you much success!