key to winning auctions?

[Account Closed]

is there a key to winning foreclosure auctions?

obviously its whoever bids more, but how can i make sure that i can bid the most out of everyone w/o putting myself in the red

[Steve Babiak]

Originally posted by @Account Closed:

... how can i make sure that i can bid the most out of everyone w/o putting myself in the red

You can't. You will find things wrong that you never thought might be wrong, causing your repair costs to go way over the budget you initially estimated. 

Some of the bigger players mitigate that risk with volume, hoping that the unexpected repairs are infrequent so that the money losing properties get offset by ones that are profitable.