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Updated over 10 years ago on . Most recent reply

Eli M.'s profile image
Eli M.'s profile image
Eli M.
  • Investor
  • from Brooklyn, NY
  • Member since May 25, 2014
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Eli M.'s profile image
Eli M.'s profile image
Eli M.
  • Investor
  • from Brooklyn, NY
  • Member since May 25, 2014
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Eli M.
  • Investor
  • Brooklyn, NY
12
Votes |
231
Posts
Buying & Selling Real Estate

Auctions

Eli M.
  • Investor
  • Brooklyn, NY
Posted

Hey, could you please advice me what is the best and the safest way to buy a house on an auction?

what are the advantages and disadvantages of buying a house in a auction in Philly ?

thank you all in advance

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Atchut Neelam's profile image
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Atchut Neelam
  • Real Estate Investor
  • from Minneapolis , MN
  • Member since Jul 14, 2014
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Atchut Neelam's profile image
Atchut Neelam's profile image
Atchut Neelam
  • Real Estate Investor
  • from Minneapolis , MN
  • Member since Jul 14, 2014
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Atchut Neelam
  • Real Estate Investor
  • Minneapolis , MN
32
Votes |
169
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Atchut Neelam
  • Real Estate Investor
  • Minneapolis , MN
Replied

Hi Eli

Some of the things I learned about investing in Auctions are 

1. Always have cut off price

2. Do home work - numbers, title, Comps etc 

3. Never get carried away... others may be buying the property to impress his girl friend :-)

....

Happy Investing !!

Atchut 

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