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.
Foreclosures
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 6 years ago on . Most recent reply

User Stats

148
Posts
55
Votes
Autumn Rankin
  • Rental Property Investor
  • Bandera, TX
55
Votes |
148
Posts

Auction.com. Well I tried

Autumn Rankin
  • Rental Property Investor
  • Bandera, TX
Posted
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??
  • Autumn Rankin
  • Most Popular Reply

    User Stats

    42,713
    Posts
    62,912
    Votes
    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    62,912
    Votes |
    42,713
    Posts
    Jay Hinrichs
    #1 All Forums Contributor
    • Lender
    • Lake Oswego OR Summerlin, NV
    Replied

    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..

    business profile image
    JLH Capital Partners

    Loading replies...