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Updated about 10 years ago on . Most recent reply

User Stats

227
Posts
31
Votes
Samson Kay
  • Investor
  • Chicago, IL
31
Votes |
227
Posts

Online Auctions and wholesaling?

Samson Kay
  • Investor
  • Chicago, IL
Posted

I came across tranzon.com, an an online real estate auctioning site and I'm really interested in one property that is currently being auctioned as a potential wholesale deal. They have a 30-day closing a 10% earnest money deposit on the winning bid.

Reading the fine print, I haven't seen anything restricting my ability to add the "and/or assigns" to the P&S once I win. So If I get it for a reasonable price I think I might wholesale it. Otherwise, I may just flip it.

But as far as wholesaling, has anyone been able to do this before for an online bid auction?

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