County home treasury & foreclosure auctions tips: easy to flip or wholesale?

Question

I am thinking of purchasing a home through county treasury auctions and also websites like auction.com as an investor. Has anyone done this before?

Any tips or resources?

How do I know if the house is occupied or not?

LeJarie Noguchi · Answer

thanks for the tips!

Jonathan Greene · Answer

Why do you think this is a good tactic, especially if you are new?

Foreclosure auctions, true ones, are all cash, no access (sight unseen other than photos), and still possible to get liens that were not disclosed.

Some of the auction sites like Hubzu and Xome have ghost bidders that push the prices up and relist over and over until they beat the price they want.

Whatever you are thinking, you are too green to think this way. How many real estate investors meetups have you been to in your life and how many real estate investor friends do you have? If zero or very few, do those things for a year before trying to make a quick purchase that you aren't ready for.

County home treasury & foreclosure auctions tips: easy to flip or wholesale?

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