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Updated over 4 years ago on . Most recent reply

User Stats

72
Posts
30
Votes
Alan Mills
  • Flipper/Rehabber
  • CO (colorado)
30
Votes |
72
Posts

“DOs” and “DON’Ts” of buying at Auction. What do I need to know?

Alan Mills
  • Flipper/Rehabber
  • CO (colorado)
Posted

I’ve read horror stories about buying properties via Auction. For those of you savvy in this area, I would appreciate your list of “DOs and DON’Ts” and “DON’T FORGET TOs” for someone thinking about trying this for the first time (in Colorado). Go!!

Most Popular Reply

User Stats

58
Posts
41
Votes
Jesse Morrell
  • Flipper/Rehabber
  • Tyler, TX
41
Votes |
58
Posts
Jesse Morrell
  • Flipper/Rehabber
  • Tyler, TX
Replied

@Alan Mills if you end up buying a lien at a trustee auction on accident, thinking you are buying a property, and then the property also goes to Sheriff sale for taxes, your lien falls off and is worthless. It’s happened to investors before.

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