We were out bid, but I will keep you posted on any new deals.

Hello all, newbi and first time buyer here.I've been given the advice to take advantage of the HUD program for my first SFH Purchase.Question one: How close to the listing price are they to the amount they one it?Two:...

As your quote above says, because there is more demand for that "Safer property" it gets bid up to a higher price = lower cap rate.Here is where many that formally trained in real estate but are not as familiar with creative deal making miss an important point.

You will usually need to pay cash within a day or 2 after winning the bid. 

@Heidi M.Not all agents are authorized to put bids in on HUD properties- perhaps the 2 agents that you spoke to were not registered.

I just got word this evening that I got a foreclosure on which I bid- my first flip!

Hello Everyone, I want to begin bidding on live auctions but I am completely new to this.

We just picked up a vacant property in Centerpoint, AL for $15k, and priced it to sell at auction, opening bid, $39,500, knowing ARV was mid to high $70k range & someone paid a buck more and we are happy clams, only a couple months.

That last bullet point makes it a no-go for me because I need an option period to inspect the house, get contractors bids, and make sure those bids are below my repair budget.

I happened to check the sheriff sales page today for our county and the property was recently listed for auction at a fairly discounted minimum bid.