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!
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!