The idea of a steady weekly income ($1250 =/-) with quarterly(ish) $10,000 bonuses sounds appealing.

Hello folksI am looking at what seems to be a nice opportunity in xome.com but never done any auction before so I have my reserves I hope you can help me clear.Viewing and Inspections: Can these houses be visually inspected/visited?

You send a licensed inspector to verify items done (and a mere visual confirmation that nothing looks contrary to code, but no digging or pulling up items). 

It makes for simpler transactions (less government and creditor oversight) and makes their offer more appealing to the seller.

But I have a nice new place and there is a certain appeal to it.

The 8-unit i bought in Canton came on my radar and the price to rent ratio made it very appealing.

If you visualize a BMW X5.

You definitely have some risk since it’s such a unique building that would only appeal to a small subset of tenants.

The investor will offer the following:Cash transaction;A quick sale closing with no inspection; andYou can leave behind any items you don’t want.The problems begin when the homeowner is elderly, alone, and doesn’t know the true market value of their property:They may have purchased their property over 20 years ago for $50,000, $100,000, or maybe $200,000.That same property now could have a market value of $300,000, $400,000 or even $500,000.The idea that they purchased the property 20 years ago for $120,000 and are now being offered $220,000 sounds appealing to these homeowners – their mortgage might be paid off and they will make $100,000 – sounds good right?

And......visual wholesaling BS.