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Man Buys 650 Foreclosures for $4.8M

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Until a year ago, Bill McMachen, 71, had never bought or sold a foreclosed home. Then in 2011 he bought one for $12,000 and flipped it a week later for $18,000. “That went pretty good,” he says. “So I said to my wife, ‘I think I’ll buy them all.’” He was...

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