Get The Ultimate Beginner's Guide to Real Estate Investing for FREE read by more than 100,000 people AND get exclusive real estate investing tips, tricks, and techniques delivered straight to your inbox twice weekly!
The logistics seem to be the biggest challenge at this point.
My team has recently spent an exhaustive amount of time researching historical results data from recently completed mortgage foreclosure auctions in Houston (Harris County). We determined based on our criteria and buying power that we could reasonably win a fair amount of bids and are in the process of determining the Air Max 00
The main question to ask yourself is if you and your partners have the financing and expertise to secure a foothold in this once a month free for all. If you do, a highly profitable opportunity may be close.
My question to the group is, is anyone actively purchasing mortgage (trustee) foreclosures at the auction in Harris County? Or does anyone know of a company or service provider that will bid by proxy on our behalf? It quite a process and will demand quite a bit of manpower to facilitate, but we trying to set up as sophisticated a process as we can.
were bidding on, with numerous liens when they thought they were purchasing free and clear, with first liens existing, with a huge amount of taxes owed, and with properties in the floodway, etc.
I have bought at Harris County foreclosure sales, have been trustee auctioning off property, and have sold as lender. These auctiona are extremely competitive with a number of knowlegable and long time buyers bidding against each other and sometimes against new and unknowledgable buyers.
The opportunity in Harris County is that the auction process is so haphazard and unorganized that even the "pro" buyers can be everywhere all the time. Auction sales are conducted simultaneously by an unusal number of trustees, some of whom are never available to provide any information before the auction. Further, the time of the auction is listed in 4 Nike Air Yeezy On Feet hour increments, so there is no exact time for the sale to take place. Hence, a goldmine opportunity exists for a group, well financed and with extensive experience to be able to profit from these inefficiences.
Buying at Harris County Houston Foreclosure Auction
The inexperienced buyers often end up with properties next to the property they thought they Nike Air Max 95 Cool Grey
auctions as observers, talked with as many people as we can that are in the know and are carefully putting together a process and team to take advantage of the inefficiencies that are present. We will most likely start slow, see what happens then reflect and scale our efforts from there.
Get the Free eBook from BiggerPockets
We attended the past several Air Max 95 University Red
Thanks for the information, Don. I can tell you the number of horror stories I heard from newbies at the auction. Fortunately for us, we not newbies to the real estate business, just the auction, which is why we approaching with caution.
logistics of setting up a team to attend our monthly auctions, with all of the needed prep work being done accordingly. We trying to outsource where appropriate and keep the most important analysis in house.
Nike Air Max 95 Greedy
Air Max Usa Pack
Air Max Dark Blue And White
Air Max 95 Laces
Nike Air Max 8
Nike Hyperlive Pe
Nike Air Max 95 Carbon Green & Black
Nike Air Max 95 Grey And Red
Nike Shoes For Women Black And Gray
Nike Hyperlive Shoe
Nike Air Max 95 Ultra Jacquard Review
Nike Air Max 95 Huarache
Nike Air Max 360 Light Up
Nike Kobe 9 Em Low Bruce Lee
Nike Hypervenom Phinish Black