Nov 10 ā¢ Auction Fundamentals
šØBeginnerās Guide: How to Buy a Rental Property with Little Money Down
š„ Auction Fundamentals Video Breakdown
Hey everyone ā happy Monday! Today weāve got a video ready for you. I highly recommend watching it first (link below), then letās dive into the action steps so you can apply what you learn right now.
š Watch here: https://www.youtube.com/watch?v=BkR_n86QKwg (put it on 2x speed or listen in the car if you have a busy day!)
š What Youāll Learn in the Video
Hereās a quick preview of the key concepts:
- How to identify high-potential auction properties (what to look for and what to avoid)
- Financing options for auction deals (what works and why)
- Risk mitigation: what common mistakes trip up new investors and how to steer clear
- Step-by-step the auction process from bid to closing to rehab
š ļø Action Steps (Letās Get Moving!)
- Pick One Target Market ā choose a city or ZIP code youāll target for auction deals this month. Spend 30 minutes searching auction platforms in that market.
- Find 3 Potential Properties ā shortlist 3 auction listings that meet basic criteria: decent spread between cost and ARV, manageable rehab (or none), and financing friendly.
- Run Rough Numbers on Each ā for each property, estimate: purchase price, rehab budget, closing/holding costs, ARV. Note the āspreadā (ARV ā total cost).
- Select Your Financing Route ā based on your budget and timeline, decide which financing type youād use for each property: fix & flip, DSCR, or conventional.
- Post Your Favorite Pick Below ā share the top property you found (address, market, spread) in the comments. Iāll give feedback and help you polish the deal.
š¬ Drop your answers to these two questions in the comments:
- Whatās the biggest thing you learned from you'd like a more detailed post on?
- Which of the 3 properties you found has the best spread, and whatās the gap between your estimated cost and ARV?
Iāll review every comment and weāll turn this into a live ādeal-findingā mini-session right here in the community. Letās turn what we learn into action.
š Ready to Level Up?
If youāre ready to actually use what you discover and invest your first (or next) auction property ā comment āIām inā below and Iāll message you the next step for working together 1-on-1 in my private coaching group. Letās do this together.
0
0 comments
šØBeginnerās Guide: How to Buy a Rental Property with Little Money Down
powered by
skool.com/real-estate-investing-101-7860
Welcome to Auction Property Academy ā a community of real estate investors mastering the art of finding, analyzing, and landing off-market deals.
Suggested communities
Powered by