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RE: The Secret To Finding Real Estate Deals In A Hot Market
Any real estate market, slow or hot, has foreclosures and sometimes it can be a very good deal. Just need the right tools and the right professional to guide you.
Yes - thats what I try to share with my meetup group - the deals have nothing to do with the market, and everything to do with the individual situation related to the property - for example - even in a hot market - someone may be going through foreclosure, and have a house in poor condition that will not get current market price without thousands of dollars of rehab work - so they choose to sell it at a 40 - 60 % discount. It can be also be a slow market , but if you got the property at a 50% discount - then you can afford to sell it for a 10% discount off the market and capture the 40% difference for yourself.