Flip or Flop, Breaking down a Real Estate Deal Vol 3, part 2
2,640 views · Published 14 July 2018 · 16:26 · Indexed 24 October 2026
Channel: kris haskins · 2018 · Education
Continuing with part 2, this deal was too bad for me to try to buy it subject to. Our next acquisition strategy was to buy it at the courthouse steps. Being that the repairs were too extensive and the deal wouldn’t work if we took over the payments, we need to approach buying this house a different way. Today, we’re going to attempt to buy it at the courthouse steps. This is by far my favorite way to buy houses. Equity is created in seconds at these auctions, but you never know the opening bid until the auction starts. The foreclosing trustee shows up and starts the bidding process very calmly. You must know what you’re doing!!!
Watch and learn how a live foreclosure auction transpires in this video. As for the tenants, we simply don’t know what will happen to them once the winner of the auction takes possession. It’s up to the new buyer to deal with them. These auctions can be boring, so I like to try to make some fun while I’m there. I hope you learn a lot, help a lot of people, and go make a ton of money.
