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Updated over 6 years ago on . Most recent reply
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Auction.com. Well I tried
We used the BP calculator and the BRRRR one. Wanted $20k from it. Previously valued at $80k, needed $15k MIN of repairs. My max bid was $49,500. It didn’t even meet reserve!! This property was purchased in 2006 for $60,000, and $49,500 wouldn’t cover it??!! What are your thoughts??
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Jay Hinrichs
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tough site to work on.. lots of miss's until you land one.. we only get one about every 3 months or so.. too much money chasing to few deals which leads to over paying.
also sellers know this so they keep reserves up.. key is to follow them many times they don't sell and come back on at lower prices you have to work to get deals on that site..
- Jay Hinrichs
- Podcast Guest on Show #222
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