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Making a bid
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Topic: Making a bid (Read 17038 times)
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RenoCoach
Newbie
Posts: 1
Karma: 0
Making a bid
«
on:
April 26, 2005, 10:55:04 AM »
I have never purchased a property for sale for taxes. There is one for sale that the taxes are only 21,000 but it is a $200,000 dollar home for sure if fixed up. What is the general rule of thumb when going into this game? Would like to know. Need help bidding starts soon. Thanks
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Rob
Administrator
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Posts: 536
Karma: 135
Re: Making a bid
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Reply #1 on:
April 28, 2005, 06:36:54 PM »
Well in my opinion,
You need to add that $21,000 in taxes figure + the bid on the property + additional property costs afterwords.
If that amount is 30% less then the home value I would say its a great purchase. Keep that total 140,000 or less..
What does everybody else think?
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TLCCanada
Newbie
Posts: 2
Karma: 1
Re: Making a bid
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Reply #2 on:
July 29, 2005, 03:06:54 PM »
Fantastic deal. Go ahead and submit offer. Need a partner? Contact me. ROGER
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Making a bid