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Friday, February 08, 2013

Auction property falls off cliff

This news article caught my eye, and it pretty much sums up why it's worth having a good poke around a property before you buy at auction. You never know it might be about to fall into the sea.

However, to contradict myself, I do remember knowing one landlord that used to regularly purchase property at auction without viewing. Anything that sounded cheap he bought. He ended up with a portfolio of several hundred properties and a multi million pound fortune.

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