Flipper · Mission Viejo, CA · Member since 2014 · 2k+ posts · 1k+ votes
3y
@James Reed you can find the dates and locations on platforms like Foreclosure Radar and Propstream. Auctions are all CASH and you really need some experience and training before you jump into something like this.
Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
3y
If you are talking about bank foreclosure auctions, they are typically in Norwalk and Pomona on the court house steps. Back in the day I would go to Norwalk.
You have to be VERY careful with these foreclosures. You cannot walk the property ahead of time. This means you are buying blindly and with people still living in them. To be honest, I don't think it is worth the risk. There was one that my investors bought (keep in mind this was over 10 years ago) but took NINE MONTHS to get the occupants out. There was no money left in profits for the flip.
There was another one that after it was purchased, we discovered the foundation was shot. These surprises happen all the time.