Updated over 4 years ago on . Most recent reply
Way over my head this time...
Today was my first online auction. I researched several properties in my local/near by county's. Got a list of 4 potential properties, I checked the county records, drove by the houses, compared the value of other homes in the area and contacted a title company to make sure there wasn't any outstanding liens on it. At the end of the day, I was far outclassed at the time of bidding. Financially I wasn't prepared to spend upwards of 50-100k for those properties. Example, property 1 opening bid was 20k, it closed at 198k. Back to the drawing board for next week. Just wanted to share my experience.
Good luck everyone!
Most Popular Reply
The experience you gained by doing the research and showing up is worth your time. Now you have a realistic view of the process and the prices.
That is 100% better than the person who is sitting behind a keyboard playing fantasy real estate investor!
Keep up your hard work, keep learning and not being afraid to experience the process.
Good luck in your future investing journey!!!!