Sheriff Sales question

[Greg P.]

Hello, when people buy at sheriff sales and win, what do they do with the property? I've heard of people making $100k+ off of one deal.. is this possible? If so, what strategies need to take place to pull this off. Thank you very much.

[Shaun Steckler]

When you say buy at the sale and win, I'm assuming you've outbid everyone by making the lowest possible offer.

If so, then you must know what your exit on the property will be before you buy.

For example you can,

1. Buy & wholesale to another investor
2. Buy, renovate and sell (flip) to a retail buyer
3. Buy, renovate and rent for monthly passive income
4. Buy, tear down & build a high rise condo :)