Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 6 years ago,

User Stats

86
Posts
22
Votes
Abraham Kaplan
  • Investor
22
Votes |
86
Posts

Bidding on an Auction website

Abraham Kaplan
  • Investor
Posted

Need advice for a property that is listed on an auction website. The property is in Roswell NM.  The current bid is $111,000. In RESS the comparables are around 160k. It is 3 bed, 2 bathroom, 1775 sqft. It is a historical house. Since it's up for auction I can't go in the house. But I walked around the property. In my amateur opinion it's in very good shape. The inspection document on the auction site has a few photos in the inside and it looks good. Doesn't appear to need any major repairs or upgrades. The auction is cash only but will also accept a hard money loan. I don't have enough experience to look at photos and determine if the property is worth an investment. Any suggestions? The bidding end on 11/1/18 at 1pm MST. Thanks

Loading replies...