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Updated almost 7 years ago on . Most recent reply

Steven Bishop's profile image
Steven Bishop's profile image
Steven Bishop
  • Rental Property Investor
  • from Chesterfield, VA
  • Member since Mar 7, 2015
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Steven Bishop's profile image
Steven Bishop's profile image
Steven Bishop
  • Rental Property Investor
  • from Chesterfield, VA
  • Member since Mar 7, 2015
Connect
Steven Bishop
  • Rental Property Investor
  • Chesterfield, VA
9
Votes |
28
Posts
Foreclosures

Any experiences with Auction.com purchases?

Steven Bishop
  • Rental Property Investor
  • Chesterfield, VA
Posted
Anyone have experience to share purchasing off Auction.com? Any tips or pitfalls to avoid? Thanks!
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Scott Rogers's profile image
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Scott Rogers
  • Member since May 2, 2018
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Scott Rogers's profile image
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Scott Rogers
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Scott Rogers
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Scott Rogers
Replied

Do your due diligents (flood zone, insurance cost, rehab cost, ARV, existing leans, updated taxes, ect.)
Pay for title insurance!
use your own closing attorney (theirs take forever) ( using theirs. my deal took 9 weeks on a under 25k all cash deal)
Dont get emotional or in a biding war. Know your numbers and stick to that!
Dont wait till after the auction to figure out how to pay, you have a very short time to prove proof of funds.

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