Auction.com is hired by banks to sell assets to highest bidder through quasi on line auctions.in some states LIke Alabama they are actually the criers at the public court house auction.. if not sold there then those assets are brought into the loss mit departments then listed with auction to be sold on line at some point in the future.I like it as they require actual money to buy this stuff as in you need healthy deposits and REAL POF's and you can't assign contracts etc.. so it mitigates competition with the no money wholesalers that are out there by the millions  LOL.. 

@Ulises Rodriguez your friends lender is requiring it to assess the financial and status of the HOA that the condo is in.

I'm an 18 year old beginner day trader, thought I'd give real estate a try as well on my journey to financial independence.

In this way, he's generating more income which soaks up his passive losses and therefore decreasing his overall effective tax rate.You maintain control over your money, you're earning more tax-free income, and you're investing in (theoretically) higher ROI assets than what would be available through a 401(k).

I have a lot of other investments I really don't want to touch so I'm hoping to liquidate some other assets to get the cash flow for the down payment I need .

Obviously, there are a number of factors such as which financial institution you're dealing with, your details, and the property that change these loan factors around.

I am a former accountant/financial analyst and current stay-at-home mom.

I look forward to learning more, putting together a team to help us continue this journey and most of all, I want to be financially free so I can pass on the knowledge to my daughters so they don't have to live the whack-a-mole life of 9 to 5 in a cubicle.Here's to living life happily!

Put your interests in alignment with your investors rather than in opposition to their interests and you can build a much more profitable and long term sustainable business with the same financially sophisticated clients rather than always having to constantly search for the next sucker.

My primary goal from real estate is to generate passive income and amass a large enough portfolio to quit the 9 to 5 grind and earn my financial freedom.