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

by | BiggerPockets.com

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!

About Author

Matt Faircloth

Matt Faircloth, Co-founder & President of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, New Jersey, is a developer and owner of commercial and residential property with a mission to “transform lives through real estate." 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 owning and managing over 370 units of residential and commercial assets throughout the east coast. DeRosa has completed over $30 million in real estate transactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, office buildings, and tax lien investments. Matt Faircloth is the author of Raising Private Capital, has been featured on the BiggerPockets Podcast, and regularly contributes to BiggerPockets’s Facebook Live sessions and educational webinars.

4 Comments

  1. Jerry W.

    Matt,
    I always love seeing articles by you and Liz. You provide such valuable tips for folks who do day to day real estate investing. Thank you for taking the time to share this information. I have never bought from an online action before but have bid many many times. There was one property I should have kept bidding on. It eventually sold like the one in your video but i was not still bidding on it.

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