Frederic G. – Miami, FL
It’s not brain surgery if you have the underlying data. RealtyTrac provided to me sufficient data that permitted me to identify, and then bid on foreclosed properties at the Clerk’s Sale. My first stab at it, using the RealtyTrac data resulted in me acquisition of a 3,400 s.f. luxury condominium for $592,000. I have the property under contract at $775,000. The net profit, after brokerage commissions, will be roughly $165,000. Not bad for a day’s work.