Pawel N.
Sealed Bid Auction on Hot Rental?
I have a rental in a desirable neighborhood. I listed it and got lots of interest right away. In those situations, how common (or uncommon) is it to do a sealed-bid auction for the tenants, assuming all of them fit my...
Kalem Williamson
Type of bid needed for presentation
Hello everyone. Looking to borrow money for a rehab on a property. Generally does the funding source require individual bids based on the job (I.e. Bathrooms, paint, kitchen, electrical) , of can I submit a complete j...
Evans Marcie
Anyone use auction.com's online bidding process?
I am a brand new investor, ready to make my first deal. I found several OK deals that will be foreclosed at the courthouse steps, but the best option is a property set up for online bidding with Auction.com. Does an...
Jacob Lemberg
Opening Bid way below amount owed
hi everyone, I'm brand new here and have a question about a certain property. I hope this is allowed. The property in question has a $30,000 opening bid, but $127,000 is owed on the mortgage (which is probably about w...
Alice K.
First Offer, Bidding Wars, and Sweat :)
Hello All,This is just a story of first steps for anyone out there interested in hearing about it from a new person.One thing to note: This is very time consuming if you're really involved in the process as I was. My...
Faith Ross
bidding on a fannie mae property
hello,A little advice, please. I'm very interested in a fannie mae homepath property and it's listed at 79,900. It has a beautiful floor plan but needs tons of repairs. I bet homes in that area sell for 130-140k. The...
Amy M.
Our bid was accepted.....now what?!
Good Morning, this is my first post on BP and things have moved a bit faster than I honestly anticipated. My partner and I decided to get into the rental business and after considering what we could afford as a starti...
Bob Malecki
Recommended starting bid for Spokane SFR?
Our loan on a SFR in Spokane is going to auction next week on 8/16 and we are wrestling with a starting bid that will attract buyers. As I understand it, the market in Spokane is pretty active. The borrow's total debt...
A W
Bid price discount in North Carolina?
I am trying to bid a couple HUD properties in NC. As I am a newbie in HUD property, I wonder what is the realistic price I should bid in NC for HUD property? I read 70-90% of the listing price and it varies from regio...
Julian McFadden
Bidding on a house to flip
I am a newer investor, and have located a property I would like to purchase. The starting bid is reasonable, however the listing states there is approx $49,000 in debt (Unpaid Balance and fees). If I win the bid for t...