Auction Homes

[Matthew Mason]

Has anybody done Auction homes? If so what are y'alls experience with then?

[Leonardo Tonaki]

I don't have experience with them, but this is what my mentor told me:

Auctions are a great place to network. There are a lot of investors who check out auctions, so if you need help with hard money lenders or private money lenders, you can find them there. 
If you don't have a lot of money, however, auctions shouldn't be your first place to look.

Other problems with auctions is that typically, you have to do your due diligence on the spot. If you have no experience surveying houses, it will be difficult to determine your cost of repair accurately.

Hope this helps!