Buying & Selling Real Estate Discussion

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Santana Williams
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Advise on purchasing auction homes in Baltimore MD

Santana Williams
Posted Sep 15 2019, 04:47

Hello I am new to BP and investing. I have been thinking about doing some initial investing in Baltimore, MD. I have noticed that a lot of the less expensive properties on sites like Realtor.com are being sold through auction. Unfortunately, I am not familiar with how the process of purchasing through an auction works. I am looking for advise from anyone that has experience with these sort of purchases. What type of due diligence is required before purchase? Are the homes usually free and clear or are their liens associated with the properties? What are some of the things that I should look out for or be cautious of as an investor? My plans are to purchase and use a property management company in the area. Any advise would be greatly appreciated.

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