How to Find Real Estate Deals Using Hubzu (& Other Online Auction Sites)

How to Find Real Estate Deals Using Hubzu (& Other Online Auction Sites)

1 min read
Matt Faircloth

Matt Faircloth, co-founder and president of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, N.J., is a developer and owner of commercial and residential property with a mission to “transform lives through real estate.” DeRosa creates partnerships to finance select real estate investments and has a proven track record of providing safe, profitable investment opportunities to their clients.

Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to hundreds of units in residential and commercial assets throughout the East Coast. Under Matt’s leadership, DeRosa has completed tens of millions in real estate transactions involving private capital, including fix and flips, single family home rentals, mixed-use buildings, apartment buildings, and office buildings.

Matt is an active contributor to the BiggerPockets Blog and has been featured on the BiggerPockets Podcast three times (show #88, #203, and #289). He also regularly contributes to BiggerPockets’ Facebook Live sessions and teaches free educational webinars for the BiggerPockets Community.

Matt authored the Amazon Best Seller Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money. The book is a comprehensive roadmap for investors looking to inject more private capital into their real estate investing business and is a must-read for anyone looking to grow their business by using private lenders and equity investors. Kirkus, the No. 1 trade review publication for books, had this to say about Raising Private Capital: “In this impressively accessible introduction to a complex subject, Faircloth covers every aspect of private funding, presuming little knowledge on the part of the reader.”

Matt and his wife Liz live in New Hope, Penn., with their two children.

Matt earned a B.S. in Industrial and Systems Engineering with a minor in Business from Virginia Tech. (Go, Hokies!)

DeRosa Group’s YouTube channel

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Finding deals in today’s competitive market can be tough!

To be successful in today’s market, you need to be looking for deals in various places with multiple strategies. One strategy that many investors utilize is buying property off online auction sites. Recently, I purchased a couple of flips on auction sites. And in today’s video, I interview a local NJ investor, Umang, who has also landed a few properties from the site Hubzu.

During today’s discussion with Umang, we discuss tips and strategies you can use to set yourself up for success if you choose to buy property via online auctions. Umang knows what he’s talking about—he stands to make $40,000 in profit from the property we are standing in today!

Related: I Almost Bought Properties at Auction: Here’s What Stopped Me

There are rules that come along with buying property off of Hubzu and other online auction sites, so you want to do your research and above all else be prepared. In this conversation, we discuss the fees that are often associated with buying off of Hubzu, the importance of being patient in this process, and how to deal with property when there are people living there.

As always, please leave a comment below, and share any and all ideas you might have to navigate the auction sites and find good deals there.

Thanks for watching and commenting!