Pick up a Good Deal at an Auction!

I was looking at some of the newspapers
and emails I get from various resources
that talk about real estate. I am
sure it's no surprise to anyone that all
you are reading is that the real estate
market is a mess, the foreclosures are
escalating, don't try to sell your home now,
more doom and gloom etc... This may make
some people/investors cringe and not want
to even try to get out there and do any
investing. But its totally the opposite!
Now is the time to be looking for those
deals. Searching and looking to see if
you can find a deal to buy. There are quite
a few bargains out there if you are
looking and doing some searching.

One example I can give you is:
I have a business associate, that I do deals
with occasionally, that goes to the Sheriffs
sales. The Sheriffs sales typically have
foreclosures that they auction off.
I know over the past couple of weeks we
have talked about auctions and the auction
process. Well, she was able to pick up
quite a deal at the auction for 65% of appraised
value. That may or may not sound that exciting
to you but this property that she picked up
was in an excellent neighborhood and she
has a plan.

First she is going to try to do a quick sale
on it, see if she can just turn around and
wholesale it. That would be Plan A.
Plan B would be for her to do the fix up
herself, while continue to do marketing on
the property.
By the way did I mention that this property
doesn't need much in fix up.
Only fresh paint, carpet and replace some
flooring. The house was in pretty good shape.
Sometimes you think because its a foreclosure
that it has to be in bad condition. That is
not always the case as you can see here.

Here we have someone who has implented and
bought a property who has a plan. Its a good
example of what to do in all of our businesses.
Speaking of businesses, what do you have going
on in your business? Do you have properties
that you need to sell? If you have a moment,
please respond back and tell me what you have
going on and/or a property to sell.

You can find more info on foreclosures at my website: http://www.foreclosurespotlight.com