Sandra B.

We have experienced tremendous success with auction.com but it did not come over night and we did not expect auction, com to help us.
We studied their platform and documented the steps we took to avoid financial disaster and profit with auction.com on our free webinar.

https://7figure.easywebinar.live/registration

Even though I am a seasoned real estate broker, instructor, engineer and investor, the bidding process was scary and I did not want to lose my hard earned $2500 or worse, purchase a property that I may not be able to liquidate. Plus, I had a lot of questions that auction.com could not answer because they are strictly a "Buyer Beware Business Model"
We wanted to master auction.com because we are in a tight inventory market and they control a lot of the distressed inventory. Plus, I was a Freddie Mac broker so I saw the shift of inventory to auction.com.
As the listing agent for Freddie Mac, I could view the properties but the buyer could not and I saw the profit that savvy investors were enjoying.
After we lost our Freddie Mac contract due to the shift of REO to auction.com, we spent a lot of time studying their technology platform and developing systems, processes and checklists. After winning several bids, we were able to document our actual, hands on experience and provide a structured solution to help others master online bidding even if they have never invested before.
There are a lot of hidden mines associated with online bidding that can wipe you out. For example, we identified at least five different property types that you must know before you bid. Do Not Bid before knowing this because you can lose a lot more than your bid deposit if you acquire the property and are not able to dispose of it because of the occupancy and status types.
It is important that you have a clear exit strategy and that you know your bid sweet spot range before you bid. For example, we won a conditional bid even though the reserve was not met. The formula we use is After Repair Value less (profit, holding, marketing, repair and contingency costs). Our checklist has over 80 items that we use so we are not caught of guard with unexpected repair costs.
These costs will differ for each investor based on their goals, experience, skill set, resources and exit strategy so they must be carefully measured before you bid.
However, by knowing our numbers, we were confident in our bid amount and we knew when to stop bidding regardless of whether we won or not.
However, after we won the bid, there were some unexpected requirements that we had to follow to secure the bid because our deposit was still at risk. We had done our own title search so we just included their closing costs in our profit driven model.
When we purchased occupied properties, we used strict criteria to help mitigate our risk so we developed a checklist to get critical property information before we bid.
Once we closed on the property, our first goal was to help the occupant secure a buyer so they did not have to move. These strategies were very successful and created a win-win for us and the foreclosed owner.
We also used strategies like cash for keys and other incentives and negotiating techniques to work with the foreclosed owner that we wanted to move so we could get possession and prevent property abuse.
Based on the reviews I have read, I believe that proper training and profit driven bidding strategies would alleviate a lot of the problems that consumers are experiencing because the auction.com technology model is different from traditional real estate, foreclosures, etc. and consumers have no representation.
We share a lot of strategies, secrets and recommendation on our free webinar at

https://7figure.easywebinar.live/registration

You can succeed in online real estate investing but in my opinion, you must be trained.
Respectfully,
Sandra Brazelton, Broker, CRS, GRI, MBA - Online Auction Consultant
*******@sandrabrazelton.com
https://7figure.easywebinar.live/registration