 Auction Property (by Adrienne [GA]) Jun 4, 2020 2:00 PM
 Auction Property (by myob [GA]) Jun 4, 2020 6:03 PM
Auction Property (by Adrienne [GA]) Jun 4, 2020 6:44 PM
Auction Property (by Adrienne [GA]) Jun 4, 2020 6:45 PM
Auction Property (by Ken [NY]) Jun 4, 2020 7:06 PM
Auction Property (by Bonanza [NC]) Jun 4, 2020 7:37 PM
Auction Property (by Deanna [TX]) Jun 4, 2020 10:37 PM
Auction Property (by myob [GA]) Jun 5, 2020 4:22 PM
Auction Property (by Adrienne [GA]) Posted on: Jun 4, 2020 2:00 PM
Message:
State Specific Question About: GEORGIA (GA)
Have you ever purchased a auctioned property (auction.com, hubbub etc) and had a tenant/or previous owner still occupied how did you handled this situation? I am in the Atlanta area however interested in purchasing some in Tennessee as well.
Thank --24.158.xxx.xx |
Auction Property (by myob [GA]) Posted on: Jun 4, 2020 6:03 PM
Message:
let's see I buy property at the courthouse steps. I don't have enough competition doing that so let me give someone "INTERESTED IN BUYING" HOW TO DO IT?
Nothing like going at it the easy way. Sorry! --99.103.xxx.xxx |
Auction Property (by Adrienne [GA]) Posted on: Jun 4, 2020 6:44 PM
Message:
@myob all I asked was if anyone bought a house from auction with tenants/homeowner still occupied How did you they handled the situation. I am not trying to give you competition court house steps auctions is not how I go about it. --24.158.xxx.xx |
Auction Property (by Adrienne [GA]) Posted on: Jun 4, 2020 6:45 PM
Message:
@myob all I asked was if anyone bought a house from auction with tenants/homeowner still occupied How did you they handled the situation. I am not trying to give you competition court house steps auctions is not how I go about it. --24.158.xxx.xx |
Auction Property (by Ken [NY]) Posted on: Jun 4, 2020 7:06 PM
Message:
I have bought probably 10-15 with tenants and a 2-3 with former owners.I go knock on the door and tell them who I am and tell the tenants I expect to be paid rent starting now and generally they have and former owners the discussion tends to be more along the lines of when they will be moving. --104.229.xxx.xxx |
Auction Property (by Bonanza [NC]) Posted on: Jun 4, 2020 7:37 PM
Message:
I have only bought 1 house on auction dot com and it was empty so I can't help you but my suggestion is you just turn it over to your RE attorney and let them deal with it. --65.188.xxx.xxx |
Auction Property (by Deanna [TX]) Posted on: Jun 4, 2020 10:37 PM
Message:
How far from the GA/TN border are you? Are you, like, Savannah thinking about investing in Memphis? :) Or are you more like Trenton thinking about investing in Chattanooga? :)
I tried once, but it was an unrealistic price. I would have paid $x, and put an equal $x into getting it back on its feet. Their minimum bid was 3x, and it got no traction.
It started off as a bank foreclosure. They loaned too much on it, so when it foreclosed, no one was willing to cut their losses for them. They ended up selling it to HUD. HUD sold it to an "owner-occupant" in early January... who has been trying to flip it for 6x since early February. He's actually a realtor who lives 400+ miles away.
Yeah, good luck with that.
So-- moral of the story is, buy in the market you know, and buy close enough for you to manage. --96.46.xxx.xx |
Auction Property (by myob [GA]) Posted on: Jun 5, 2020 4:22 PM
Message:
Adrienne [GA]) that's my point exactly. I should give up what I've spent years learning? Do it the good ol hard way-- go down to the auction / foreclosure or do research at the court house. OR Spend the money on some books covering the subject.
I'm sorry it's been a great day here so!!!!!!!!!!! --99.103.xxx.xxx |
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