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Updated about 12 years ago on . Most recent reply

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Matthew Dovner
  • Braintree, MA
3
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Real Estate Auction advice

Matthew Dovner
  • Braintree, MA
Posted

There is an auction coming up for 4 pieces of land (buildable lots). I am looking to wholesale the deal. Secure it during the bidding process then assign it to a builder friend of mine. This isn't a typical wholesale deal and I don't know all the rules and regulations when it comes to auctions. Any advice on what may potentially happen or what to look out for would be greatly appreciated.

Thanks,

Matt

Most Popular Reply

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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
3,025
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Mike D'Arrigo
  • Turn key provider
  • San Jose, CA
Replied

@Matthew Dovner At auction, you'll need to come with a cashiers check for a sizable amount of the purchase and then come up with the balance usually in a day or 2. Do you have a buyer you can assign it to immediately?

  • Mike D'Arrigo
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