STL City Property Auction

[Kyle Eckert]

I went to the previous property auction from the city and I was astounded at the amount of people there.  I know there is a large amount of due diligence needed for these properties due to possible liens.  It looked like there was a few investors buying 10s of properties at a time, and one lady bought 6 properties on the same street, very purposefully.  I would really like to understand this process better.

If anyone is interested in meeting up and discussing the process, or needs an extra pair of hands to help with some aspect of their process, I would be very intersted in hearing about it.

[Karl Behnke]

Hey Kyle,

I was at the last Auction (I think I sat next to you) and I had similar questions/concerns. I purchased a SFR on the south side with no prior research with the exception of a drive by, it was a second round property. I am waiting for the confirmation, I hired an attorney to complete this process.

I had similar concerns not knowing the title status of each property, the title information reports are $125, probably worth the investment. I just received the report back from this most recent property and I'm not sure how to interpret the information. After learning the name of the lean holder I found a news article depicting a man with the same name being murdered by his girlfriend in a house on the same block. Sooo I think there are a lot of unknowns with these properties.

Here is a thread I started outlining more concerns.

https://www.biggerpockets.com/forums/70/topics/453...