2 Visitor Messages

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  2. 1. Know how to research title on the county clerks website to make sure no federal or tax liens remain
    2. Make sure you are bidding on a first mortgage, not a secondary mortgage or mechanics lien. If you accidentally buy a secondary lien you are secondary in ownership and the sale of the first mortgage at auction wipes yours completely out losing your entire investment.
    3. Learn how to appraise a property externally since you can't go inside.
    4. Don't invest everything you have; you'll have to spend $5k-$20k changing carpet, painting inside, staining fence,... after the sale.
    5. You make your money when you buy the property, not when you sell. If you pay too much up front you likely will never recoup the loss by selling at a higher price.
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About DogsWin

Basic Information


About DogsWin
Location:
Plano, TX
Occupation:
Marketing Manager
Interests:
La Tech athletics
Tech Relationship:
La Tech Alumni
Favorite college sport:
Football
Year Graduated:
1987
Degree Type:
EET

Statistics


Total Posts
Total Posts
13,221
Posts Per Day
1.64
Visitor Messages
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2
Most Recent Message
09-24-2016 04:13 PM
General Information
Last Activity
11-28-2018 06:10 PM
Join Date
09-24-2002
Referrals
0

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