All Forum Posts by: Joel Warner

Thanks for the easy reference, this is a good place to direct beginner queries. I'm starting at the top!

It is, of course, based on Nash's equilibrium. Another gaping hole is the assumption that all bidders/bidding will be done by rational individuals. LOL

My strategy is much more simple. Analyze past auction property assessment vs actual sale amount(on resale-able and/or rental prospects), then apply to this years candidates. Just hoping for a quick ball park #. don't have much cash on hand, but I am hoping to pick up a few smaller pieces and one severe rehab, or one larger chunk of land.

numbers are looking good, especially since this is a smaller population area, and there are no online bidders.

I'm preparing for my first Local tax deed auction. I come from a scientific/research oriented background(though not my occupation now) and so this study confirmed a lot of my preparation research. Bottom line: Choose a target (% or $) and stick to it.

thought some folks might be interested

http://gbr.pepperdine.edu/2010/08/the-winners-curse-and-optimal-auction-bidding-strategies/

A lot of good info here on BP!