Auction Site

[Alfredo O.]

Is opening an auction site a smart move if we are just starting out to buy our first home?  We are having one heck of time finding our first flip....

[Kerry Baird]

My thoughts, out the gate: If you don't have a Realtor who is experienced with investors, you may have the wrong person. Have you joined a local BP Meetup or REIA? Or even a CashFlow group? These places will have Realtors who can guide you through the type of property that works well for investors. You need to know what that first deal looks like...even a fellow rehabber. I'm assuming when you say "flip" you mean a fix-and-flip, not a wholesale deal.

Instead of going the auction route, I would pick a few neighborhoods that you intend to buy in, and begin to do direct mail marketing.  Search the threads for these terms.  Most of my deals have come through direct mail.