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The seductive high profit potential of the real estate market makes many investors jump into real estate investing with no net, no plan and very often, no resources. In order to successfully flip real estate contracts, whether you’re involved with potential rehab projects or pre-foreclosures, you need to have good real estate investing tips and a solid investor network to present your package to. In order to purchase a property through a foreclosure auction, individuals must place a minimum bid equal to the amount of the loan balance, along with any other costs associated with the process, such as accrued interest and attorney fees.