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Updated over 1 year ago on . Most recent reply

Account Closed
2
Votes |
10
Posts

Should I focus on wholesaling or go to the sheriff auctions

Account Closed
Posted

Hello Friends, 

I am debating whether or not I put my energy towards wholesaling or head to the sheriffs auction for foreclosures. I am hoping to hear some opinions. Thank you.

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Bob S.
  • Real Estate Consultant
  • Cleveland
3,691
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6,413
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Bob S.
  • Real Estate Consultant
  • Cleveland
Replied
Quote from @Account Closed:

Hello Friends, 

I am debating whether or not I put my energy towards wholesaling or head to the sheriffs auction for foreclosures. I am hoping to hear some opinions. Thank you.

 buy from wholesalers, you cannot buy from the auctions as you do not know how to determine repair costs? You are not getting into the property so do you know what to do?  What is your end game? Buy fix and flip to homeowner or keep for rental? Two very different animals. Do you have crews ? Do you the real cost to reno ? Do you have 300 400 500, 700k CASH? If not, you are not getting anything at the auction. Get to a local RE meeting, 

Good luck

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