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Owned by Tiffany

Auction Property Academy

352 members • Free

Welcome to Auction Property Academy — a community of real estate investors mastering the art of finding, analyzing, and landing off-market deals.

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Red Lotus Prep-Free

329 members • Free

77 contributions to Auction Property Academy
🏁 What Actually Happens If You WIN an Auction Property?
One of the biggest fears I hear from new investors is this: “Okay… but what happens if I actually win?” So let’s break it down step-by-step so you know exactly what to expect from 3rd party auctioneers. Step 1: You Win the Bid 🎉 Once the auction ends and you’re the highest bidder, you’ll receive a confirmation from the platform. At this point: - You'll get an email from everything they need from you (IE: purchase contract, Escrow deposit, LLC documentation) - You want to start sending details to your lender - The clock starts ticking. This is why preparation matters before you bid. Step 2: Deposit Is Due (Usually Within 24-48 Hours) You'll have to go to your bank to wire this to ensure it's being sent to the correct place. Example: If you win at $100,000 and the deposit is 10%, you’ll need to wire $10,000 quickly. This is not the full purchase amount — just your earnest money to secure the deal. Which will later be discounted from the closing costs. If you fail to send it?You risk losing your bidding privileges. Step 3: Final Payment Timeline Typically, you’ll have around 30-45 days (sometimes less) to close. During this time: - You finalize financing (hard money, private lender, or cash) - Title work is completed - Any outstanding issues are reviewed This is why I always tell students:👉 Have your lender lined up BEFORE you bid. If you wait until after you win, you’re already behind. Step 4: Closing Once funds are wired and documents are signed, the property officially transfers to you. Now you: - Receive ownership - Secure the property - Change utilities - Begin your renovation! Have some capital saved up and are ready to buy your 1st or 2nd investment property? - Schedule a call here for a quick strategy sesh with me & to see if maybe auction investing is a good fit for you!
🏁 What Actually Happens If You WIN an Auction Property?
1 like • 18h
@Suresh Kanuppa What you're mentioning is the redemption period - this only applies to tax deed sales. The timing also depends on state laws, in FL there is no redemption period :)
3rd-Party Auctions vs. County Auctions (Know the Difference Before You Bid)
Happy Monday, everyone!Today we’re breaking down two very different types of auction platforms — and why understanding the difference can save you thousands of dollars (and major headaches). Not all auctions are created equal. 🖥️ 3rd-Party Auction Sites (Ex: Auction.com) These are platforms that host bank-owned or lender-controlled properties. ✅ Why Beginners Like These: - Often allow financing (DSCR, Fix & Flip, Non-QM, etc.) - Some properties allow inspections and appraisals - Liens are typically cleared at closing (but still verify) - More time between winning the bid and closing - Familiar buying process (title company, escrow, etc.) ⚠️ Things to Watch For: - Buyer’s premiums and auction fees - Reserve prices (not always disclosed) - Competition can drive prices up ➡️ These are generally lower risk and more beginner-friendly when paired with proper analysis. 🏛️ State & County Auctions (Tax Deeds / Foreclosures) These auctions are run directly by the county or state — and the rules are VERY different. 🚨 Why These Are Riskier: - Properties can come with liens, code violations, or unpaid utilities - You usually cannot inspect the interior - No financing — ALL CASH - Payment is often due within 24–48 hours of winning - Title issues are common (quiet title actions may be needed) 💡 Why Some Investors Still Love Them: - Less competition - Deep discounts - Strong margins if you know what you’re doing ➡️ These auctions reward advanced investors with strong systems and cash reserves. 🧠 Quick Rule of Thumb If you’re newer: ➡️ Start with 3rd-party auction platforms where risk is more controlled. If you’re experienced, well-capitalized, and understand title: ➡️ County auctions can be powerful — but mistakes are expensive. 💬 Which type of auction are you most interested in right now? 🚀 Ready to Go Deeper? If you’re serious about buying your first (or next) auction property and want step-by-step guidance, live deal breakdowns, and support inside a proven system…
Poll
3 members have voted
3rd-Party Auctions vs. County Auctions (Know the Difference Before You Bid)
0 likes • Jan 2
@Julius James Im here for any questions! They can be a little intimidating but all worth it when you find amazing deals.
0 likes • 1d
@Kathryn Niazi it sure is! A lot of the bank owned foreclosed homes are vacant - they typically evict the past people since they were the homeowners that did not pay the mortgage.
Straight From My Lenders: Rental Loan Rates in the 5%'s
Getting financing for a buy & hold anytime soon or refinancing out of a BRRRR deal? Rates just went down even further & we are in the 5's! Here's what my rep from Kiavi just sent me: - Rates as low as 5.75%* and LTV up to 80%* - Cash-out refinances after a property is owned for 90 days or is free and clear - Flexible DSCRs as low as 0.8X - No hard credit pulls Remember, they calculate your financing terms based on the property’s cash flow, not your personal income. That means no W2s, bank statements, or hard credit pulls. Want to get a quote for your next deal? Submit a request here: https://try.kiavi.com/sczxcel2n5pp I've used Kiavi to fund a couple of my deals & rates have never been this low (since pre-covid). Just remember to always shop around for the best rate if this aligns with your strategy.
Straight From My Lenders: Rental Loan Rates in the 5%'s
0 likes • 1d
@Kathryn Niazi Hey Katheryn, So essentially for certain types of auctions you do have to pay 100% which is where you would get the loan from a lender like Kiavi to put down only 10% so you are not required to pay upfront for the whole amount. It would be like a typical finance
Liens
What Leon’s survive a tax deed and how can you check these stuff and also do inherit those liens and now have to pay for them?
0 likes • 3d
@Caleer Cameron Yep! They are not sold with clean title so you'd inherit the debts
0 likes • 1d
@Caleer Cameron You can go through the countys official records to look through the documentation :)
NEW VIDEO: Expensive Markets Have Auction Deals Under $100k?
A lot of people assume that if they live in a high-priced area, auction investing just isn’t possible. That’s not always true. Auction properties (especially tax deed and foreclosure sales) can open up opportunities most traditional buyers never look into. In this video, I break down: - How to search for low opening bids in any market - What “opening bid” actually means - Why some properties start far below market value - How to approach these deals strategically If you’ve been feeling priced out of your market, this will help you start thinking differently. And if you’d like help figuring out whether this strategy makes sense for you — your budget, your goals, your risk tolerance — book a free strategy call with me. We’ll map out a clear plan and see if you’re in the right place to start investing. Let’s invest smarter. 🏡💰
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Tiffany Dasilva
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@tiffany-dasilva-6364
Also known as @beautyandabuilder on socials Real Estate Investor - Educator - Loan Officer (NMLS #2540111)

Active 1h ago
Joined Jul 29, 2025
Central FL