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.
General Real Estate Investing
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 4 years ago,

User Stats

51
Posts
24
Votes
Zachary Smith
  • Real Estate Agent
  • Johnson City, NY
24
Votes |
51
Posts

First Time Auction Bid Winner

Zachary Smith
  • Real Estate Agent
  • Johnson City, NY
Posted

I am not new to REI but this is the first time I've got into a deal (jumped out of a plane) and had to figure out how to fly on my way down.

The house is a SF fixer upper in Upstate NY. It's in a very desireable location, one of the best school districts in our area (if there is school) and has a lot to room to work with.

I just won the auction at 58K and am now in fundraising mode. I've had plenty of surface level conversations with potential investors but none have committed to investing to a deal when one presents itself. Now I'm in the process of calling them all, to get the purchase and Reno done. 

I will do most of the work myself, and plan to BRRR with a cash out refi or out right sell if the market stays hot.

Acqusition - 58K, Reno 30K, ARV 160K

Looking for advice through the process 

Loading replies...