They believe they have a good chance to buy the properties at minimum bid price once investor likes certain properties. 

Need to get some bids on a fixer upper.

If a commercial property owner wanted a bid on some work near me, I would consider that though.I turn down a couple projects a week from people who call me out of the blue based on my yelp profile or other listing out there. 

Also, banks frequently bid the amount owed on the note, which is often more than the property is worth, so deals can be few and far between.  

Only 7 days until bidding is open to investors!

When a decent one is new to market, the same 10-15 investors end up bidding the profit right out from under ourselves.

You won't have time to get contractors to bid every property so you'll have to get quick at pricing the rehab. 

This section will focus on live bidding on the website and not ‘in person’ live bidding.

Get with a Contractor and a Real Estate agent that you can trust. get the contractor to bid on the rehab in order for you to understand what it takes for that property to come up to actual value, get comps from the real estate agent to understand what the property is worth, make an offer based on those numbers and move the property to an investor.

Kinda bummed to find out I lost a multi-bid situation.This was only my 2nd time ever making an offer on a home.