Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

15,219
Posts
11,328
Votes
Joel Owens
  • Real Estate Broker
  • Canton, GA
11,328
Votes |
15,219
Posts

Auction.com tactics. What is this BS??

Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorPosted

So I haven't bought at the Auction forever. I was thinking buy a few cash and resell regularly for a quick profit.

Reading the fine print used to back in the day there was a reserve but if you only bid and they started at 20,000 and you ended at 40k then even though the reserve wasn't met they would send to the seller for consideration to accept or counter.

Now there is possible counter bidding on behalf of the seller but you do not know if it's the seller ( auction company) or a real buyer. This is total BS and price fixing. They call it illegal when buyers do this kind of stuff but it's okay apparently for Auction.com to play these games.

I think I might not even bid now if this is the kind of stuff they are doing.

business profile image
NNN Invest
5.0 stars
3 Reviews

Loading replies...