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Updated almost 9 years ago,
Account ClosedPoster#1 BiggerPockets Exclusive PRO Area Contributor
- Professional Auctioneer
- Baltimore, MD
- 1,468
- Votes |
- 1,857
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Investor public auction for short term profits
As an investor and auctioneer, I sell properties at a reserve auction, usually it takes about three weeks of advertising, the auction takes place in front of the property and offered as is for all cash.
Many investor we represent don't own the property, they are controlling it and want to flip it while in contract for more, the assignment takes place next, this is where the profits are made.. Make sure you make full disclosures, have a built in extension and make lots of subject to re-assignment auction offers.
Charles