20k to Start. Property Tax Auction or just Cold Call?

[Jeff Cox]

Hi, 

I have been thinking about getting into REI for a few years now and i have roughly 20kish. I have been looking at alot of advice here on BP but i noticed that no one is actually suggesting anyone with less startup cash to go to property tax auctions. IS there a reason for this? i was thinking about trying to get a lower priced property there and try to fix and flip or fix and rent hold and use the equity to get a mortgage to fund a couple more properties the same way.

Now since i dont see alot of people suggesting this approach i was curious if this was just one of those things that not alot of people have great success with or some other reason. 

I just figured if i could get an auctioned house for 10k and put in another 10k-15k (will probably have 25k by the time i buy one) then i would see that as a huge win.

I see alot of you guys saying to cold call /drive for dollars and flip flip flip but i would think buy and hold to be a better turn around IMHO. I am not really against cold calling or mass mailing and im sure auctions are brutal but i wont take it personal if i dont win anything just testing the waters and the options.

Opinions?

[Josh Carr]

You could contact us and we will be happy to help you with anything that you need, listings, counties, etc.  We also have tax liens that are ready for foreclosure which would be great for you to start with!  m