All Forum Posts by: Rene D.

I am going through this right now for the first time too.

All the above is also applicable to the auction i'll be attending only mine is a 'Probate Auction'. Mine is tomorrow so I can report back and let you know what actually happened. When is your auction?

My experience thus far:

1. Contractor walked property with me on one of the two viewing days. He has since provided an estimate so I can include that in my bidding max

2. I will let you know if the bidding starts lower than the stated amount. I expect a lot of people to attend the one I will be going to

3. I contacted a lender to go over the property, etc to be ready in the event I win.

All the rest depends on your strategy, brrr, flip, buy and hold, etc.

Hi Luis, do a quick search on here, as there are posts on Connected Investors. I also did a google search and determined that it wasn't worth it for me.

PM -if you want details of what I found

Do they work with private lenders?

Congratulations Ben, I'm looking into MHs as a source of CF or investment too!

Congratulations, Great way to jump in!! 

Thanks for the tips Tom.

Can you share more about the auction sites? I have been looking into this but have yet to pull the trigger as I dont feel comfortable with the process yet.

What a great meeting, wish we had one in OC. 

This is a probate auction. 

This disclosure is included in the attorney policy - what should I be doing before making an offer?

1. My contractor will be inspecting with me

2. There are no liens or encumbrances

"... All descriptions of size and location of the property stated in the auction catalog are approximations only. Seller / receiver have not and do not make any representations, warranties or covenants, either expressed of implied, regarding any matter whatsoever (except for seller’s title), including, but not limited to, geological condition, soil condition, asbestos, zoning, existing means or ingress and egress, the availability of utilities, water or the presence of toxic waste materials on, in or under the property."

This will be my first auction property.

Thank you!

@Kevin Hilton it's 11 beds vs doors so I'm guessing some rooms would be shared?

Just curious, what is the unit mix?

Just curious @Dennis M., why would you opt for a land trust?