Been browsing the inventory on Auction.com. Found a couple of properties that I'm interested in. As practice, I'd love to crunch the numbers and come up with a price I think is fair, then compare that to the winning bid at the end. Is there a way to do this? Would I have to register for the auction?
Thanks in advance!
For example, there are 3 properties on Auction.com I am interested in, but regardless of what they sell for I don't have the financing lined up. I'm just crunching numbers to see what I would be willing to pay for it if I was actively in the market for another property. I'd like to know what these properties do sell for, so I can compare to my number. Then I could get an idea as to how accurate my numbers are (if I'm consistently willing to overpay then my calculations are obviously flawed, same for if I'm coming out with a very low number). My first property kinda fell into my lap, and cash flows like crazy. Which is great, and is providing a ton of experience in most areas of rental investment, but I've got no experience w/ analyzing or financing these deals. I'd love to make boat loads of money, I would hate to lose boat loads of money.
Also, I'm not trying to be "that guy" online. But you mentioned rwmo costs. Is that an acronym I'm not familiar with, or did you just hit the wrong keys while typing Reno? Not trying to nitpick, just wanna make sure I'm not forgetting anything.
Loving Bigger Pockets, So much information