Purchasing property at Auctions / Performing your due diligence

HaveService

Title Representative · Dover, DE · Member since 2014 · 69 posts · 6 votes

Performing due diligence when bidding at Auctions?

Do your homework before placing a bed .

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Reginald TrussPro Member
Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
10mo

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Reginald TrussPro Member
Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
10mo
Tony, good reminder. Most investors lose money at auctions because they don’t understand how the funding side ties into due diligence.

Here are the three things I make sure my investors verify before they bid:
1. Real Value – not the advertised number, but what a lender or capital partner will actually recognize.
2. Rehab Certainty – real scope, cost, and timeline so surprises don’t kill the deal.
3. Exit Strategy – flip, refi, or hold… the financing path needs to be set before you raise your hand.
If anyone wants a quick “pre-bid check” on their numbers, I can look at it and let you know what’s financeable and what’s a pass.
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Simone Owens
Specialist · Bristol, CT · Member since 2026 · 39 posts · 11 votes
4mo
Quote from @Tony B.:

Performing due diligence when bidding at Auctions?
Do your homework before placing a bed .

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