Posted By:
MarkTo Jeff's point... you can add on Property Tax. The two states I've lived in (WA and CA) both have Property Taxes due on April 30. I assume this applies to some other states as well. This is a big hit for me, anyway...
Between REA and Mastro combined, I am now in the bidding on about 90 lots. I anticipate (and am budgeting for) winning 1 or 2 Lots from each auction. The bidding is always unpredictable, and they force you to have an existing bid in order to bid "overtime". So getting early bids on a ridiculous number of lots is the only defense I've found against getting shutout.
BTW... of those 90 lots, I am currently high on ONE.