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Updated about 8 years ago on . Most recent reply
Auctions
Hello, my husband and I are getting ready to buy our first investment property. We are going to purchase the property/pay for the repairs with the help of some financial partners. We are hoping to buy a foreclosure/pre-forclosure etc for $20,000-$35,000 and put $20,000 or so into repairs, find a tenant, and refinance with our bank.
My main question is about auctions. I don't even know where to begin. Are there things to watch out for, things to make sure that I have ready before we move on a property? I am based in the St. Louis, MO area. Any advice would be appreciated!