Right now I have a 2500 sqft row home that I picked up at auction for $15,500, that was rented when I purchased it for $1,100 (that was just luck to be honest), I have the one I previously described that I am into for $16k rented for 925/month Section 8, I have another I bought at auction for $13,500 that I am currently working on and when all is said and done, I will be in for about 19k that will rent for about 875/month.

A foreclosure would have to be sold at some point before it went to auction to not be a foreclosure (sounds strange).

This seems destined for the auction block.

I absolutely stole my house at a HUD auction, and with only some lipstick renovation (redid floors, paint etc) I have about 85k into it- and I could maybe rent for roughly 1.5% and I feel really good about my purchase.

I went to a few storage auctions about ten years ago.

Scenario:-We bought a lot that was going to the tax auction several months ago.

Here are a couple I have completed Bought a property @ tax lien auction for $20,000Put in $7,500 for renovations, buyer/investor did all the work.

The foreclosure angle is interesting but even there the second has a chance to gain from surplus funds at the auction or make their own bid.

Attend courthouse auctions and network with the buyers2.

Auctions?