A millionaire investor wanna-be went to an auction in Detroit and bought EVERY PROPERTY. -No inspection, no comps, no comps, no due-diligence.
This is an emerging trend. If you are a newbee and trying to compete with this, you are fighting an uphill battle. You have to get educated about other ways to make money, and there are a lot of them. Don’t lose hope. Many people make money in real estate without ever talking to a bank or a realtor.
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