Posted by Ronald * Starr(in No CA) on August 13, 2003 at 19:51:50:
Foreclosures are attractive because of the potentailly great profits. However, I strongly recommend against them for beginning investors. There are a lot os risks. And you don’t know how much you don’t know.
You can read my views in the article “Is foreclosure investing for you?” at the money-tips forum of this CREONLINE.COM website.
If you do go ahead with this approach, I recommend that you plan to spend at least six months studying before you take any money with you to an auction. You might want to read Frank McKinney’s “Make it Big.” He did as I recommend and became a very successful foreclosure investor in FLORIDA!
Good InvestingRon Starr**