Online Auctions are my favorite way to obtain Real Estate for my Investing. I was motivated by a lot of questions I get through social media, including BiggerPockets.com, a great resource especially for new investors, and finally made the conference call I had promised for so long. I talk about Auction.com mainly, but there are a few others I’ve used.
Here are some of the questions I answered on this call:
- Do I have to pay immediately?
- What about Title Insurance?
- Will they accept hard money?
- How long do I have to close?
- Can I choose my own closing company?
- What if I change my mind?
- Why do I have to put up a deposit?
- Are the banks bidding on their own properties?
- Do the Sellers have reserves?
- What if the seller rejects my high bid?
- How long to receive my EMD back if they reject my bid?
- Why would I want to buy properties via Auction.com?
Enjoy the recording!
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