You will still have to pay closing costs with an auction and it might not meet your reserve (meaning you pay the auctioneer for nothing and still have a house on your hands).

The only way to gain that knowledge, is through years of hands on experience.

It sounds like you've got your hands in quite a few pies.

i'm currently in the process of buying a 2 family home with 2 additional store fronts. this is my first venture into real estate investment so please excuse me. the property is listed on Zillow.com for $191000 the owner has agreed to $90000 in as is condition. the est. cost to rehab the property is $60000. i will be doing alot of the work myself so that price will be coming down closer to $35000. my question is if it is possible to setup the financing to get cash on hand for the repairs or does the money have to go into escrow. thank you for your time.

If you are the hands on property manager then the hour will seem pretty long some days.

Well before you do any of that you need to determine whether you have a deal on your hands.

If they aren't helpful up front, they probably won't be after you hand over your money.

Greg,It sounds like you enjoy being hands on and at the same time investing.

Fortunately I have the help of a season broker to help me out.The question at hand is; is this a good time to flip?

I'm in the process of closing on my first deal and it's a duplex and my hands are plenty full.