Everything Investors Need to Know About Online Property Auctions
Property auctions have been around for hundreds of years, but the (somewhat) new twist with online property auctions is taking off due to the circumstances that COVID19 has brought in its wake. Auctions are truly a unique selling opportunity that helps sellers and buyers alike.
In today’s real estate investment market, creativity is critical in putting together strong deals. My guest, Adam Dahlberg, has been in wholesaling and the acquisition business for 6 years. He is also a licensed agent, acquisition specialist, and a creative investor. Adam has perfected online property auctions and is here today to take you through the benefits, the processes, and the intricacies of property auctions. His main goal is to help his clients out of tough situations.
From property swaps (no money involved!) to understanding and capitalizing on Bidding Fever, this episode covers it all!
Developing different property auction strategies in competitive markets
Details on the most creative deal that Adam has done to date
Auctioning manufactured homes and why it’s a good deal
The advantages of having a real estate license (there are many!)
Understanding online property auctions
Why online property auctions are not foreclosure options
The timeline of selling a home at auction
How to market property auctions
Why property auctions is a booming business right now
Understanding the auction seller mindset
How to keep your real estate investor reputation spotless
What the auction company’s cut is on a deal
How the bidding process works for buyers and sellers
Why 2020 is nothing like the 2008 crash
The future of online property auctions
Discussion of the deals I’ve done with Adam
Breaking down the financials of property auctions
How investors can make money running their properties through an auction