5:    Issues Regarding Possession6:    Buying Properties After the Auction7:    Researching Property Information8:    Lien Priorities9:    Properties to Target10:  How Much Should You Bid?

If you plan to buy multiple properties a year you will save on commission, it’s another source of revenue,you can bid on multiple properties, it’s leverage to network with other agents, you learn the valuation of property, and most importantly you move on your terms.Having an agent license is very beneficial when starting out and you have a full time job.

Since you're a newer investor, I'd expect your rates to be around 12% and 3pts with 10% down payment.Your comps should dictate what you do to your house (in regards to that extra bathroom), not your own personal opinions or anyone else's.See if you can bring a contractor (to get bids) and inspector (to find out what's wrong with the house and determine your scope of work) to the house.What program are you with? 

1) Yes that info is valid2) Bid a good deal higher than someone with a conventional offer to give the seller a financial incentive to take your offer.3) Use an experienced agent who gets a lot of deals done.

What happens if the winning bid is significantly higher than what the bank wants?

But I have to say, it took me about a year to win the bid, since I wanted to stay patient and get a true bargain. 

Just make sure to check HUD website every day and take advantage of the owner occupant period before investors can start bidding as well.

You only get one chance to meet with the contractor before he writes a bid for the scope of work and cost which is submitted to the lender.

To me it only makes sense if their bids are lower than the other contractors that already build in their margin to the quote.

To me it only makes sense if their bids are lower than the other contractors that already build in their margin to the quote.