Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

146
Posts
31
Votes
Vince Beusan
  • Laguna Hills, CA
31
Votes |
146
Posts

Auction

Vince Beusan
  • Laguna Hills, CA
Posted

Hello BP,

I have a question for the forum.

First time question poster, long time Q/A reader...

It's my first time reaching out to the forum for some feedback in regards to purchasing a property at an online auction.  I was introduced over the weekend to a property that is in a desirable area going to auction in now 4 days.  

I am not an expert, but ran my own preliminary rehab costs.

I ran the numbers to wholesale the purchase to a rehabber and they work. I have a buyers list for the area looking for great deals.

Plan A.  Wholesale to a rehabber.

Plan B.  Wholesale - I rehab and retail.

This property was only made aware to me by an RE Agent whom guided me to this opportunity just recently.

What would you suggest in this situation?  Move on as 4-days is too little time?

Is (4) days too little time?   I appreciate any feedback.

Loading replies...