Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

219
Posts
99
Votes
Tyler D.
99
Votes |
219
Posts

Auctions. Opportunity or trap?

Tyler D.
Posted

I've been prowling for deals and stumbled upon a housing auction website. I found a couple of enticing auctions, in particular a duplex and a sfh, both of which are (according to the website) occupied.

Both are incredibly cheap for their market, and assuming they are occupied they are at least liveable. My issue is that I cannot see the inside, must buy as-is and cannot get any information on tenants etc before I buy. Some are incredible deals (the occupied sfh for example is $10k in an area that rents for $600), but I cannot shake the feeling that I could be buying into a trap.

Your thoughts?

Loading replies...