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Updated over 14 years ago, 09/01/2010

User Stats

124
Posts
15
Votes
Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
Posts

grabbed a nice 3 family at auction

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

been waiting for a day like this for about a year...grabbed a large and good condition multi family at auction the other day...i show up for the auction and there were 4 potential bidders, the bank rep said he thought the auction would be postponed (like so many others)...so the other 3 bidders leave, i decide to stay...the auctioneer shows up 30 min late and they have the auction and im the only bidder...bang!

all auctions i've attended lately (probably about 100) there have been 10-20 bidders trying to grab multis in the Boston area, although this one was about half an hour north of Boston, still close enought and a good deal

will cash flow about $2K on this one once its up and running...will fit in nicely in my rental property portfolio

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