Wholesaling foreclosures is a good strategy BUT you need to know your numbers cold; we have gotten several solicitations from wholesalers that won a property at auction, we didn't buy any of them because we felt the wholesaler underestimated the renovation costs and over estimated the after rehab value.  

I know a fellow investor that purchased a property at auction, the owners were still occupying the property. 

If the property has gone through foreclosure or is an estate auction or general property auction you may be ok.

*******************************************************The Jefferson County auction was a hot mess today.

@Frank Hinck thank you for such a quick reply I work as subcontructor my self and I'm looking foward getting better jobs and besides that I bought my self a couple of properties at tax auction and I'm looking foward to fix them and sell one and rent the other and hopefully make a living out of that in the long term

The properties I’ve checked were auctioned off, quick.

Try this routine daily:What companies do the bulk of foreclosure auctions in Orlando? 

We bought a 3 unit property at auction using private money in March.

As I used to say 20, 10, 5 years ago, the serious buyers are at the courthouse for every auction.

How have you structured the auction deals in the past?