At foreclosure auctions, real estate investors should meticulously assess the properties! The first step is an exterior inspection, gauging structural integrity and repair needs. Then, envision a property's After Repair Value (ARV), weighing potential renovations against the current state. Next, calculate the maximum bid ensuring a profitable margin. This due diligence, a delicate balance of intuition and analysis, shapes a bidding strategy and guides you in the high-stakes arena of foreclosure

4.4K views · 15 reactions | Bidding on properties at foreclosure...

In the world of foreclosure auctions, real estate investors are always hunting for properties up for grabs. These auctions, usually run by banks looking to sell off defaulted properties, involve a tug-of-war between investors and the starting prices set by the banks. Investors assess property values in advance and bid cautiously. There are times when the initial prices set by the banks are higher than what investors are willing to pay, creating a tricky situation where investors try to snag a go