I'm working with Michael White, Real Estate Sales with Midtown Property Management in Harrisburg, PA.

However, I have never used a realtor for auctions and tax sale purchases. 

I have been on BP a long time and maybe about eight years ago , a person had a small chance of finding a posted house for sale here that can be flipped.

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Purchase price: $450,000 Cash invested: $680,000 Sale price: $1,380,000 Bought a tear-down prop.

The buyer makes payments to you, and you continue paying your original lender, profiting off the interest rate spread.However, this does come with risks, mainly the due-on-sale clause, which allows the lender to call the loan due upon transfer.

Some kinds of auctions allow you similar protections as a traditional sale.

This would have allowed the investor to secure their interest against the asset while also benefiting from any equity appreciation upon the eventual sale (assuming the plan is to flip).

The property had foundation work done just prior to the sale but continued having problems, even after I hired a second contractor to correct.

•Make sure to research the estimated tax assessment post-sale so you’re not caught off guard with a much higher tax bill than expected.6.