Buying SFH through online or in person Foreclosure auctions

[Veronica Giggers]

Hello BP family. I am thinking about purchasing a SFH that is a foreclosure and listed on an online auction site. Does anyone have experience with this type of investing? Any suggestions on how to go about getting a good deal or if there are really good deals thru a foreclosure or bank owned property.

Thank you.

[Nathan Gesner]

Quote from @Veronica Giggers:

Hello BP family. I am thinking about purchasing a SFH that is a foreclosure and listed on an online auction site. Does anyone have experience with this type of investing? Any suggestions on how to go about getting a good deal or if there are really good deals thru a foreclosure or bank owned property.

Thank you.

There are some good opportunities, but many of them are not as good as they seem. The homes are often abused/neglected. The utilities are typically shut off so you can't test plumbing, water heater, furnace, appliances, sprinklers, etc. There can be a lot of unknowns that can come back to bite you if you don't know what you are doing.