Auction today
Hello community,
My rehab is almost complete and my goal is to price it under market value to it sells quickly so I can re-invest. I've been researching different methods for my next property, short sales, reos, tax deeds etc.
There was a foreclosure auction that went for 10K. The auction was brought on my the HOA for past dues of 4K. So total investment of around 15K. The comps in the area are at about 125K. So my question is "What am I missing?" Most of the other auctions went for assessed value or over.
Did the 3rd party bidder just get lucky or are there some other factors that I'm missing?
Anyone have any info it would be greatly appreciated as my rehab will be done in a week.
@Erin Legler It's growing on me! I actually just drove through the Baldwin Park area for the first time the other day, very nice.
I'd love to get together if you don't mind talking with someone who's yet to buy their first property :) I'll buy you some pizza for any tips you might have!
Palm Beach Gardens, and Delray are awesome spots for younger...Downtown West Palm is great for entertainment too...
@Meghan Helbick Sounds great! I'll also be picking your brain about Delray Beach. What is your schedule like? I can usually do most afternoons after 1pm.
@Erin Legler Since I'm working a full time job right now, it'll have to be a weekend. Either day works for me.
@Meghan Helbick Wanna meet this Sunday at noon?
Perfect! My number is 603-548-7172
Great! My cell is (413)335-0717