We have helped a lot of investors buy bank-owned properties that were listed “on-the-market”. But, we still get a lot of questions about how to go about buying investment properties at auction. Purchasing property at an auction is an entirely different process, and even though at times buying auctioned properties can seem more like a gamble than an investment, some of the best deals can be found here, if you have the proper knowledge, skills, and patience.
I went down to an auction myself to show you the ins and outs, and I’d love to share my experience, and that of the many investors I know who purchase auctioned properties daily. Call me at (503) 901-8100 if this type of investment is something you are interested in learning more about.
Nick Krautter is the author of The Golden Handoff: How to Buy and Sell a Real Estate Agent’s Business which debuted number one on Amazon for mergers and acquisitions. His goal is to teach real estate agents how to grow their business and to help them later retire and benefit from their years of hard work. For the last decade Nick has been a Realtor in Portland, Oregon, where he leads a team and frequently serves as a real estate expert for the media.