Everybody loves an auction. Buyers love them because they think there are deals to be had and sellers love them because they think they can get more for their property. But is all this love really justified?
Remember, there will always be costs associated with putting your property up for auction. The auction house will charge their commission on the sale plus a fee REGARDLESS of how (or even if) your property sells. You need to make sure you’re aware of all these costs up front.
Author: Luis Garate
What is a real estate investing club? These are organizations of people who are interested in meeting together to find the best real estate investing opportunities. In most cases these clubs do not pool their resources to make investments but exist more for networking, exchanging ideas and tips and entering into deals with each other to find and execute successful real estate investment opportunities. Often, these clubs might have workshops or some kind of training that can help people who are just starting real estate investing.
It’s easy to find real estate clubs online in your area. Make sure to attend a few meetings before you commit to anything and, if possible, see if there’s anything about the group online that you should be aware of. But mostly, make sure you have a good sense of these people. It should feel right.