Realtor · Chanhassen, MN · Member since 2019 · 50 posts · 17 votes
So I am new to real estate investing and when I’m searching for properties on Zillow ,or any similar site, I find myself scrolling past the Auction/Foreclosure homes, or not including them in my search at all, because I don’t know enough about them. How do auctions typically work? Can anyone bid on the house? Are there certain requirements? Also, if anyone knows of any good books/websites/podcasts related to auctions or foreclosure properties I would really appreciate that!
Rental Property Investor · TN · Member since 2018 · 2k+ posts · 2k+ votes
6y
Most often, but not always, houses bought at auctions are bought sight unseen. It might be best for you to stay away from them for now. They generally have numerous issues that have to be fixed before they are habitable.