Buying auction properties for flips

[Kelvin Vinston]

I know auction properties can be a good investment, as far as wholesaling goes, but is it good for flipping ?

I know you buy the properties as is and you can’t look on the inside which limits your ability to determine an accurate rehab cost so your numbers will be off. Anyone have any experience with a successful flip from home auctions?

[Ed Emmons]

I have bought many for flips. Oftentimes you can access them. Many have unlocked doors. Many have a realtor assigned to them and you can get in that way. if you’re in a freezing area then I usually figure on broken pipes. If it has baseboard heat, figure on replacing them. Usually the boiler survives. Also figure on water damage. If you can’t get in or see in the windows, do a title search to check on liens, read the bidder package and assume worse case scenario and bid what works.