I know a lot of us in real estate think about buying property on auction, curious about how to exactly go about that? Join us as we break it down for you step by step, how we raise capital & answer YOUR questions LIVE! Can’t wait to see you there.

You can find Joseph @joseph.lopez.investor & Aide @aide.multifamily.investor

Follow us on Instagram @keleishacarter & @_lifewithbetzy

*Disclaimer: The following information is for educational purposes only. please do your own due diligence. We do not provide financial, legal or professional advice. We will introduce you to strategies we use, but they may not apply to your personal situation, so always speak to your team of professionals before committing to lending on any particular deal with us….(read more)

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In the latest episode of the “Real Estate Investing Mastery” podcast, host Joe McCall interviews two experienced real estate investors, Joseph and Aide, who share their insights on buying auction properties with private money.

Joseph and Aide have been investing in real estate for several years and have a successful track record of using private money to finance their deals. Their strategy revolves around buying properties at foreclosure auctions and rehabbing them for resale or renting them out.

One of the biggest advantages of buying auction properties is the opportunity to purchase homes at a deeply discounted price. However, this also means that cash is required upfront to secure the property. This is where private money comes in.

Joseph and Aide emphasize the importance of building relationships with private lenders who are willing to finance their deals. They advise investors to approach potential lenders with a clear proposal that outlines the deal and the expected returns. Building trust and credibility is key to securing private funding, as lenders need to believe in the investor’s ability to successfully complete the project.

Another important factor to consider when buying auction properties is conducting due diligence. Joseph and Aide stress the importance of researching the property’s title, liens, and condition before bidding. They recommend working with a title company and a real estate attorney to ensure that the purchase is legitimate and any potential issues are addressed beforehand.

Once the deal is secured, Joseph and Aide emphasize the importance of having a solid rehab plan and timeline. Sticking to a budget and timeline is crucial to ensuring that the property is ready for resale or renting out within a reasonable timeframe.

Overall, Joseph and Aide’s strategy of using private money to finance auction property purchases is a viable and lucrative option for real estate investors. By building relationships with private lenders, conducting thorough due diligence, and having a solid rehab plan, investors can successfully profit from auction properties.