All Forum Posts by: Josh Anders

@Account Closed demand for a property when there actually is none. 

Originally posted by @Account Closed:

@Josh Anders Do you have verified proof that auction.com was bidding? Share it with everyone.

 Well, in order to have verified proof I would have to be there with them. It states in the fine print they reserve the right to bid on behalf of the seller.  Are you trying to tell me they have changed their policies and do not do this anymore? I haven't been to the site in a while but I will see what I can do to find your proof. 

Also one thing to add to this is auction.com will actually bid on behalf of the seller(bank). These properties usually will not be sold for any type of real discount it seems. I have actually bid on two of the auction.com properties this year and the bid went sky high by the end of the auction but two days later they were both back on the listing because it was auction.com doing the bidding instead of real people. 

Welcome to BP!

Finding a deal with a big enough spread. We just started our mailing campaign so hopefully we will have better luck. I have had cash in hand for 8 months searching for a deal. Wife is on board and we are ready to go. Just gotta find an actual deal...

Very nice! 

Has anyone had experience with this? I ended up choosing AgentPro because I read so many good things about them on here but then I ran across this....Both have the exact same criteria but one has many more leads than the other. I called customer support but really couldn't get anything figured out.  Any advice?

Originally posted by @Anastasia Jordan:

Are you just looking only in Hartselle?

 We have been looking in Morgan county (Hartselle, Decatur, Falkville, Danville,Priceville is our main target areas). I was hoping if I was patient I could find a deal close to home. I figured that would be best for a first deal and make the whole process  alot easier to manage.

Thanks for all the tips! I will be looking into the meetings, we have discussed going in the past but never committed. I think we will check it out. We have also considered DM, actually I sent out my first two letters this week to absentee owners, just ones I found while driving for dollars. I may end up purchasing a list soon and starting to mail more. 

Hello, first time poster long time lurker. My wife and I started getting interested in real estate in January. We started listening to the bigger pockets podcast and since Jan, I have listened to over 80 of the podcast trying to learn everything I can. We have studied our target market everyday pretty much since then. I have alerts setup to see every house posted in my market under 150k and I look at them every day. 

We have enough cash/credit to rehab and purchase most of the reasonably priced homes in our market. I am also a contractor so my main focus is fix and flip. That being said after 7 months of looking we have yet to find a property on the MLS that meets the 70% rule. Matter of fact a few weeks back I placed an offer in at 85% rule (doesn't exist I know) and they sold it to someone the next day for more. My offer was only around 8k less than asking. 

Overall most of the bank foreclosures here are listed at ARV or listed at ARV minus repairs and that leaves no room for profit but they are selling despite all of them needing lots of repairs. I don't plan on giving up anytime soon, but I honestly feel like I am wasting a lot of time and not getting anywhere. We have also spent months looking at courthouse auctions but most of them don't have enough equity. We ended up finding one house in the last 4 months with equity and went to the courthouse auction only to be bidding against 3 other investors. Needless to say they were willing to take more risk than I was.

Is my whole problem with finding deals is because I am using the MLS? Shouldn't I have at least found a few on there in 7 months? At this point I am open to all advice and tips you guys can give me.

Thanks and have a great day!