All Forum Posts by: Uma Tuchscherer

Went to my first sheriff's auction today, just to observe and see what the process is. So now I'm looking for the best way to find information about the properties that they auction off during these. I found the local website that showed where the links were to upcoming properties that are going to be auctioned, but I'm curious to know more. For example, if the documents online say "By virtue of a judgement of foreclosure made in the above entitled action on (XYZ date), in the amount of $xxx.xx, I will sell at public auction", etc. Does this mean that the starting bid for that property is going to be the amount listed there? Or where could I find specific information detailing what the starting bid would be or what the plaintiff's bid is? Any advice for learning on this topic is appreciated, thanks!

Looking at buying a house at auction, just looking for some insight or pros/cons from anyone who has already done this. The house needs work for sure, it's starting bid is only 10K, and it's only valued at around 67K, but it wouldn't be a terrible project house to begin with. Any help here? Has anyone bought a place using auction.com? Any hidden drawbacks I should be aware of?

Self-employed and doing well, income around 7-10K monthly after all expenses. However, due to being newly self-employed (new meaning above the table and actually claiming taxes) I'm unable to find traditional lending for about another year. Ideas for the meantime? Looking to invest 10k-15k to start and hoping to find a way to make it profitable for me until I can secure rentals.