Hello BP family!
I am so glad that I found this great community where I can learn a lot about Real Estate Investing!
Here is quick introduction about me.
My name is Young, and I was born and raised in South Korea. My parents and I moved to USA(the greatest country in the world) when I was 15. I went to highschool in NJ and graduated from the Naval Academy this year(2017). Currently I am in Florida getting trained to be a navy pilot. I believed I am very friendly and comfortable with connecting with new people. I hope to make many friends in this community!
Now, I would like to share the reason why I got into the Real Estate Investing. When I was in highschool I never realized how tough it was for my parents to adopt to new society when they lived their entire life in South Korea. They don't speak English and have no knowledge about how to make "money work for them" as Mr. Kiyosaki would say. They are very diligent workers who saved decent amount of money past 10 years. I realized that my parents really scarified alot for me and recently they finally told me that they are interested in purchasing their first house ever. I was very proud of them but at the same time I was concerned because I know they don't know a thing about buying a house nor do I. So, I decided to study about real estate investing in order to help them so that I can build experience of buying properties which I will use for myself as well as help my parents retire. I apologize for very long introduction... I tend to talk alot when I am passionate about something.
Here is my question,
I have read many different ways to purchase houses. But, I am not so sure how to purchase a house though auction and what are the pros and cons of that. I am reading an articles about them, but I would like to hear from those who has experience in buying houses through auctions. Thank you for your time and hopefully I can build good friendship/partnership with a lot of you in the near future!
