Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 69

Bidding on a property at foreclosure is a bit like sitting around a poker table and trying to figure out why a particular investor is bidding on a specific property for a certain amount of money. In some cases, the other investor may know more about the property than you do. In other cases, the investor knows less. The person may be bidding on instinct to drive up bidding or simply to toy with other investors.

The comparison of bidding on foreclosure properties with playing poker ends there, however. Bidding on properties is a high-stakes game in which you stand to lose as much as you stand to gain — or more. You may never know why a particular investor bids a specific amount on the property, but you always need to know why you’re bidding a specific amount, what you’re bidding on, and how high you’re willing to bid.

With a fully fleshed-out property dossier, which I show you how to assemble in Chapter 8, you hold all the cards in the deck. This dossier enables you to put on the dispassionate poker face required to win the bidding game. You know exactly how much you can afford to bid to earn the desired profit. Not everyone who’s bidding against you will have the same advantage.