There a quite a few online property auction platforms out there right now. Initially these websites were seen as potentially taboo, scary, and extremely risky to purchase actual properties from.
Now, it's the mainstream... Hedgefunds with millions of dollars are bidding on properties daily. Sheriff sales are 'marketed' via auction.com to increase live auction attendance at the courthouse. Homes are bought by owner occupants and investors daily.
Today's podcast is a LIVE account of an actual auction of a property on www.hubzu.com, one of the many platforms out there right now.
We digest the fees, timing the bids, potential strategies, and ride the roller coaster of bidding via online auction for investment properties.
If you are interested in bidding via online auction for properties, or have done it before, check out this podcast!