I am reading / watching to learn more about BRRRR, is there a reason no one talking about buying property at AUCTION?

Nobody is talking about it because the auctions are dried up. In my market sheriff sales and tax sales are waste of time. If the market(s) "crash" that could change. My personal issue is fear of the unknown. Some auctions don't give access to the property. Without walking the property and calculating a renovation budget I'm hard passing. It's a key step to BRRRR and flips really. My knowledge/skill level isn't high enough to take that risk.

It's sad but I've become numb to houses. I see the beautiful Legos and want to know the cost of each piece. 

Typically larger investors that run companies acquire homes at auctions because they have more capital and can take on more risk. AMH (a publicly-traded real estate company that specialized in SFR) acquires their properties at auctions but it's because they have millions of dollars and can observe more risk.

@Jaron Walling I see your point, but from the positive side you will eliminate anyone without CASH and even anyone who get hard money loan. (since I believe hard money lender won't lend on auction). it is risky but sometime you see some deals so tempting. :) 

@Tina Tsysh that make sense, I think the only way I would invest in auction would be the price be so good that no matter condition the house is in, i still come out positive. 

In my area, I believe one company buys 98% of all auctioned homes.

Originally posted by @Edward Adams :

@Jaron Walling I see your point, but from the positive side you will eliminate anyone without CASH and even anyone who get hard money loan. (since I believe hard money lender won't lend on auction). it is risky but sometime you see some deals so tempting. :)

there are HML who provide auction funds I know I have done a tonne of it over the years.. Not a lot but there are some of us out there.

all markets have the big dogs..  I find a market like ATL to be good .. the reason is the sales are on ONE day a month in all counties so its hard for any company to completely dominate.