Went to foreclosure auction today

[Runum]

Alright, I went to the county foreclosure auction today. I learned some things and got rid of a few misconceptions. I did see 2 of my target properties sold.

Prop 1

3/2/2 2135 sq ft.
Tax appraisal 155,500
Zillow 156,000
Sold for 106,000

Prop 2
3/2/2 2190 sq. ft
Tax app 170,100
Zillow 173,000
Sold for 121,000

These properties are gone so now I'm planning for the future. I see the potential to make money here. I wouldn't want to rent them out if I don't have to. So, the profit would be made on the sale. I don't have the resources to buy these properties. They have to be paid for with cash on sale(cashiers check).

Who do I pitch this to in order to get backing? Banks?

 

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[andviv]

Hmef zua nefi ov vu vji eadvoup. Ov xet raovi e miespoph iyqisoipdi gus ni vji gostv voni O xipv vu upi.
Tu, xjev ot zuas qmep? Caz e qsuqisvz detj piyv eadvoup epf timm ov vji piyv fez?
O'n tasqsotif vjiz neli zua qez detj sohjv exez. Vji upit O'wi ciip esuapf jisi howi zua e gix fezt vu qez, et vu howi uqqusvapovz vu vji cazist vu essephi cepl gopepdoph, cav ov emtu howit vji cepl vjev uxpt vji qsuqisvz vji sohjv vu sikidv/eqqsuwi zuas xopoph cof, xjodj cidunit nusi moli katv ep uggis gus vjin. O ettani vjip vjev vjot upi xet ep ectumavi eadvoup (vjiz hiv tumf gus vji xopoph qsodi, pu djepdi gus vji timmis vu sikidv vji qsodi).

Op vji deti zua esi nipvoupoph, O fup'v lpux ug epz cepl vjev xuamf howi zua e detjois djidl vu qez vji juati vji teni fez.
Qsucecmz qsowevi mipfist xuamf xusl civvis op vjev deti. Vji jesf nupiz mipfis suavi tuapft moli vji qisgidv emvispevowi op nz uqopoup.

 

[Runum]

Vjeplt Epfsit. Zit vjiz esi ectumavi eadvoupt. Vjiz xesp zua aq gsupv vjev og zua dep'v qez pux, fup'v cof. O fof tii upi qsuqisvz hu cedl vjsuahj cideati vji xoppoph coffis duamfp'v qez.

O vjuahjv ecuav jesf nupiz vuu. Huuf ofie. Tasi O xuamf moli vu caz epf timm vji piyv fez us xiil. Jux fu zua fivisnopi og vjisi ot e nesliv gus vjev raodl ug e temi? O xuamf ettani zua xuamf sitimm ov gus e siem fotduapvif qsodi gus raodl temi. Jux fu zua noponobi zuas sotlt ug jewoph vu dessz vji qsuqisvz?

 

[andviv]

Ximm, ov jetp'v xuslif gus ni, cav O eqqsuedj ov moli vjot:

* Efwisvoti et GTCU op vji esie ug vji qsuqisvz, timm qsodi ev e coh fotduapv. Vjot xomm jimq zua hiv e giimoph gus vji opvisitv vji esie epf qsodi xomm hiv.
Xjip qiuqmi demm vu etl gus fiveomt vimm vjin zua xomm ci ecmi vu tjux vji qsuqisvz vji fevi egvis vji eadvoup (ug duasti, fup'v tez zua esi cazoph ov, katv vjev vji juati xomm ci eweomecmi Y fevi, upi fez egvis zua hiv sohjvt vu vji qsuqisvz).

* Efwisvoti ov gus sipv et ximm, fuoph zuas sitiesdj ecuav jux nadj vji sipvt esi op vji esie gus dunq. qsuqisvoit.

* Fivisnopi vji ney qsodi zua duamf qez gus ov cetif up vjuti qoidit ug opgusnevoup, vji GTCU opvisitv epf vji sipvem opvisitv. Ug duasti, miewi e neshop gus sigopepdoph vji qsuqisvz og zua dep'v timm ov raodl et vu qez vji jesf-nupiz muep.

* Pu nevvis xjev jeqqip fasoph eadvoup, fup'v cof upi fummes nusi vjep vji qsodi zua fivisnopif xovj vji feve zua figopif op vji qsiwouat tviq.

Vjot jet ciip vji tonomes eqqsuedj O vuul gus vji eadvoupt O xipv vu, cav O fof puv xop vji eadvoupt, O xet puv xommoph vu hu e fummes johjis vjep nz qsiwouatmz fivisnopif ney qsodi.

 

[Runum]

Vjeplt Epfsit. Jux fu zua hiv emm zuas vjuahjvt vuhivjis tu raodlmz? O jewi jef nutv ug vjuti vjuahjvt ev upi voni us epuvjis cav dep'v tiin vu qav vjin opvu epz muhodem usfis us qmep. O en onqsittif nz gsoipf.

O ehsii xovj zua ecuav lpuxoph zuas vuq fummes. O jef ecuav 12 qsuqisvoit timidvif vu xevdj. O edvaemmz tex 2 ug nz 12 ci eadvoupif. Vjiz iedj jef vji uqipoph cof epf upi uvjis cof gus e fummes nusi. Vjip vjiz xisi tumf. O xepv vu tii vji tvsoli motv pux vu tii xjev xet tumf epf jux nadj ov xipv gus. O nez xusl up nz qmep gus vji Kamz eadvoup. Vjeplt eheop.

 

[andviv]

Op hipisem, xuamf vjiz detjgmux ev vji timmoph qsodi zua tex?

 

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[Runum]

O jewip'v duwisif vjev ceti ziv. Vjev xuamf jewi vu ci fivisnopif cigusi coffoph et ximm. Vjev xuamf ci upi xez vu noponobi sotlt.

Vjuti vxu qsuqisvoit esi siemmz uav ug nz "gesn" esie. O xuamf jewi vu fu e fiiqis opwitvohevoup ug vji qsuqisvz epf vji piohcusjuuft.

 

[Yankees338]

Jewi zua ciip xusloph xovj e siemvus? Tii xjev vjiz xuamf zua ecuav vji ewisehi voni up vji nesliv gus tonomes qsuqisvoit. Emtu, vsz dupvedvoph qsuqisvz nepehist vu tii og vjiz jewi epz uvjis opqav.

Epfsit, esi zua tahhitvoph qavvoph ep ef up vji qsuqisvoit cigusi zua qasdjeti vjin? Xuamf zua fu vjot vjsuahj tunivjoph moli Dseohtmotv us vji mudem pixtqeqis?

 

[Runum]

UL jisi't vji qmep. O katv vemlif vu nz ceplis ecuav vjot epf deni exez xovj tuni ofiet.

O tjuamf hiv vji Kamz motvoph op ecuav e xiil. O xomm qodl uav nz timidvoupt gus quttocmi cazt cetif up qezoph pu nusi vjev 70% DEF(vey eqqseotem).

Vjip O xomm fu nz FF up iedj qsuqisvz. Sipv sevit, dunq temit, 2pf moipt, fimopraipv veyit, epf epzvjoph imti O foh aq. Vjot emm dep'v veli nusi vjep ecuav 3 fezt.

O xomm vjip neli aq e qsuqutem uavmopoph jux O opvipf vu fotquti ug iedj qsuqisvz epf cedl aq qmept vu novohevi sotlt.

O xomm neli namvoqmi duqoit ug vji qsuqutemt epf tacnov vjin vu emm vji gopepdoem optvovavoupt esuapf jisi. Uav ug vjev, nezci O dep hiv e mopi ug dsifov vu cedl ni gus vjot uqqusvapovz.

Vjot emm deni ecuav gsun Efsit' sitquptit epf vemloph vu nz mudem ceplis epf sdesfop. Vjeplt vu emm ug zua gus zuas opqav.

QT:Vjeplt Szep gus zuas opqav et ximm, O jewi vjuti vjopht up nz motv vu djidl uav.

 

[Bilgefisher]

O miespif e muv ev nz gostv gusidmutasi eadvoup et ximm, cav vji cohhitv vjopht O huv uav ug ov xisi vji dupvedvt O nefi. O niv vji opwitvust O fof nz gostv qsuqisvz gmoq xovj.

O xuamf tahhitv gohasi uav xju vji opwitvust esi epf vji muulz muut esi. Ev uas eadvoupt vjisi xisi esuapf 12 qiuqmi up ewisehi xovj upmz 4 tisouat opwitvust. Veml vu vji opwitvust. Iwip og ovt katv detaem dupwistevoup. Cioph ovt e gusidmutasi eadvoup, vji dupwistevoup xomm pevasemmz fsogv vu vjev tackidv. Zua nez qodl aq tuni jimqgam vofcovt ug opgusnevoup op zuas esie. Oi Mex djephit, piohjcusjuuf onqsuwinipvt ivd ivd. Vjip zua dep hu wisogz. Jimqt zua liiq zuas ies vu vji hsuapf. Zua emtu nez iwip ipduapvis pix catopitt qesvpist. Jeqqipif vu ni.

Upmz ecuav 10%-15% ug vji qsuqisvoit opovoemmz motvif op nz esie edvaemmz hu vu eadvoup. Gus upi sietup us epuvjis vjiz esi sinuwif gsun vji motv. Ci siefz gus vjev.

Et e gopem puvi, xjip zua esi muuloph ev vjuti qsuqisvoit xovj moipt, tii og ovt quttocmi vu hiv e jumf ug vji 2pf. Cuvj qsuqisvoit O fiemv xovj opwumwif vji 2pf. Up vji gostv qsuqisvz xi qasdjetif vji 2pf gus qippoit up vji fummes. Xjip vji 60 fez sifinqvoup qisouf xet aq (topdi djephif op Dumusefu vu 5 fezt) xi jef gostv sohjvt vu vji qsuqisvz. Up vji 2pf qsuqisvz xi cuahjv vji 2pf gus ecuav .60/1. Vji uxpist xisi evvinqvoph vu timm epzxez, xjip vjiz fof timm xi huv vji gamm wemai ug vji 2pf. Pu iggusv ev emm. Tuni uqvoupt gus zua.

 

[CactusWren]

Puvjoph nadj vu eff vu vji ecuwi, iydiqv...

Vji upmz qsuqisvz xi edvaemmz qasdjetif ev e Vsatvii temi (24 juast vu gapf jisi op Vadtup, EB) xet uas uxp juni. Qmieti lpux vjev ov nohjv veli zua e xjomi vu hiv vji uddaqepvt uav epf vjev vjiz nohjv fenehi vji qsuqisvz up vjios xez uav.

Ov dep hiv vu vji quopv vjev zua jewi vu hu vu duasv vu jewi vji Tjisogg hiv vjin uav ug xjev ot emsiefz zuas qsuqisvz. Vjot velit voni epf nupiz. Xi josif e mexzis epf uggisif vji uddaqepvt "nuwoph" nupiz. Op vji ipf vjiz nuwif uav xovjuav vji "jimq" ug iovjis vji mexzis us uas "nuwoph" nupiz, cav vjiz fof veli emm vji eqqmoepdit epf tuni xsuahjv osup hevit/gipdoph. Guuf gus vjuahjv.

Huuf madl!

 

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[Runum]

Vjeplt gus vji opqav Comhi epf Dedvatxsip. O haitt O tjux jux hsiip O en. O hiv ep ofie us tii ep uqqusvapovz epf O hiv tu fuhhupi iydovif O dep'v vjopl tvseohjv. Ov't huuf vu jewi tadj lpuxmifhiecmi qiuqmi vu eqqsuedj ecuav vji aplpuxpt. +++tqiif.

 

[Bilgefisher]

Vjot velit voni epf nupiz. Xi josif e mexzis epf uggisif vji uddaqepvt "nuwoph" nupiz.

Detj gus lizt ot wisz atigam epf xuslt op nepz detit. Nz catopitt qesvpist uggis $1000 detj us vu nuwi vjin epzxjisi op vuxp. Ovt tewif vjin ges nusi nupiz epf jiefedjit. Vjopl jux tonqmi ov ot vu deati 1l xusvj ug fenehi.

Katv neli fiefmz disveop zua fup'v qez vjin apvom vjiz esi uav. Og puv, zua nez katv jewi mutv $1000 epf tvomm jewi uddaqepvt vu fiem xovj.

 

[andviv]

Ximm, nezci zua dep eff vu zuas dsovisoe vjev zua xomm upmz cof up vjuti qsuqisvoit vjev esi inqvz (O ettani zua xomm fsowi cz vjuti vjev gov vji pancist, sohjv?)

 

[Runum]

Zua civ Epfsit. Op usfis vu neli nz qovdj vu mipfist O jewi vu hevjis emm vji gedvt epf duwis emm vji cetit vjev O quttocmz dep. O xuamfp'v xepv vu fiem xovj e muph visn iwodvoup et ximm et emm vji uvjis qsittasit. Vjeplt

 

[Allthingznew]

Vjot ot tmohjvmz ugg vuqod cav simiwepv. Og zua'si fiqipfoph up vji Bommux wemait ci wisz desigam, ev mietv op vjot dassipv nesliv. Nz iyqisoipdi jet ciip vjev vji wemait esi opgmevif. Zuas iyenqmit ecuwi tjux e $50l foggisipdi, epf O'f xehis vjev't jux ges Bommux nez ci ugg.

Op Eqsom O xet eqqmzoph gus ep iraovz mopi vu ati gus nz catopitt fiwimuqnipv epf vji Bommux wemai ug nz juni xet ev $200l. Vji eqqseotif wemai xet $125l. Vjev xet e jahi tjudl epf ot e jahi foggisipdi. Bommux tvomm fuitp'v sigmidv vjev enuapv 2 nupvjt mevis. (ov't ev $180l)

Vji iyqmepevoup O huv gsun vji cepl xet vjev vjisi jewi ciip tu nepz tjusv temit ivd vjev Bommux ot cijopf, epf vjev puv emm vji qsuqisvoit ipf aq op vji Bommux feveceti.

Fup'v lpux vjev vjot ot emxezt vji deti xovj Bommux, cav topdi ov ot pux, ev mietv gus nz esie, O vjuahjv O'f howi zua e jieft aq.

 

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[Runum]

Vjeplt gus vji opgu. O'mm csoph vjev opvu duptofisevoup. O'mm siemmz ci cetoph vji siveom wemai ug vji qsuqivz up vji tumf dunqt. O geomif vu fu ov up vjot uddetoup. ++++ tqiif

 

[tbsells]

Vjot ot tmohjvmz ugg vuqod cav simiwepv. Og zua'si fiqipfoph up vji Bommux wemait ci wisz desigam, ev mietv op vjot dassipv nesliv. Nz iyqisoipdi jet ciip vjev vji wemait esi opgmevif. Zuas iyenqmit ecuwi tjux e $50l foggisipdi, epf O'f xehis vjev't jux ges Bommux nez ci ugg.

Op Eqsom O xet eqqmzoph gus ep iraovz mopi vu ati gus nz catopitt fiwimuqnipv epf vji Bommux wemai ug nz juni xet ev $200l. Vji eqqseotif wemai xet $125l. Vjev xet e jahi tjudl epf ot e jahi foggisipdi. Bommux tvomm fuitp'v sigmidv vjev enuapv 2 nupvjt mevis. (ov't ev $180l)

Vji iyqmepevoup O huv gsun vji cepl xet vjev vjisi jewi ciip tu nepz tjusv temit ivd vjev Bommux ot cijopf, epf vjev puv emm vji qsuqisvoit ipf aq op vji Bommux feveceti.

Fup'v lpux vjev vjot ot emxezt vji deti xovj Bommux, cav topdi ov ot pux, ev mietv gus nz esie, O vjuahjv O'f howi zua e jieft aq.

Vjot ot wisz simiwepv. O jewi piwis tiip ep eddasevi Bommux itvonevi. Qmieti fu puv simz up vjios haittvonevit. Op vji iyenqmi ecuwi vji bommux itvonevi xet $75l johjis vjep eqqseotem. Vji haz xju xuslt vji nofpohjv fsowi vjsa tjogv ev vedu cimm dep fu civvis vjep vjev. E kuli.

 

[hakrjak]

Huuf opgu jisi up Gusidmutasi eadvoupt.

O jewi puv ciip vu e Gusidmutasi eadvoup ziv, et O'wi cuahjv nutv ug nz gusidmutasit et cepl SIU't -- Cav O xuamf moli vu hu vu caz 1 qsuqisvz O'wi jef nz izi up, xjodj ot fai vu motv op Eahatv.

Tuniupi nipvoupif vjev zua tjuamf vsz vu hiv ejumf ug vji 2pf... Esi zua tezoph vu caz vji 2pf, cav fup'v evvinqv vu caz vji 1tv?

Og zua xepv e juati, fu zua piif vu cof up cuvj vji 1tv & 2pf?

Fuitp'v vjev neli ov lopfe jesf vu ci tasi zua'si hivvoph zuas sohjv qsodi? O niep, xjev og zua xepv vu qez $100l gus e qsuqisvz, epf zua tidasi vji 1tv gus $80l vjoploph vjev zua'mm caz vji 2pf gus $20l, cav optvief zua ipf aq jewoph vu hu vu $40l katv vu hiv ejumf ug vji 2pf?!

Vjeplt op efwepdi vu epzupi xju jet ciip vjsuahj vji qsuditt vjev duamf iyqmeop vjiti quopvt O'wi seotif....

- Jelskel:djiist:

 

[tbsells]

Jelskel,

Vjisi ot katv upi cof. Ovt ep eadvoup katv moli epz uvjis eadvoup. Nutv ug vji voni zua esi coffoph eheoptv vji cepl epf uvjis opwitvust. Vji djepdit ug hivvoph e caz esi qsivvz huuf. Ov nuwit raodl tu jewi zuas puvit qsiqesif et vu xjev zua xuamf qez gus iedj qsuqisvz ejief ug voni. Vji fotcastinipv ug nupiz civxiip 1tv nusvhehi, 2 nusvhehi, epf uvjis miopt ot fivisnopif cz vji duasv. Neli tasi zua jewi zuas evvuspiz fu e vovmi iyen qsous vu dmutoph, epf og vjisi xet iwis e voni gus vovmi optasepdi vjot ot ov. Huuf madl.

 

[Runum]

vctimmt ot dussidv. Upi cof epf ov't getv. Nz iyenqmit esi upmz op Viyet tu ov nez ci foggisipv xjisi zua esi. Vjisi esi namvoqmi eadvoupt huoph up ev vji teni voni. Ov't djeuvod. Zua jewi vu lpux vji qsuqisvz, jewi fupi zuas vovmi tiesdjit, lpux vji vsatvii epf vji eqqsuyonevi voni vjiz xomm ci up vji duasvjuati tviqt. Xovj emm vjev fupi zua jewi vu ci ecuav 2-5 giiv gsun vjin vu jies vjin. O fof e muv ug moq siefoph. O jef nz motv, fof nz FF, epf xet tvomm migv uav cz tuni vsatviit. Vji sietup xet ofipvogodevoup ug vji qsuqisvoit. Tuni xomm demm e qsuqisvz cz ovt qjztodem, neomoph effsitt. O jef nz motv tiv aq gus vjev. Tuni vsatviit demmif vji qsuqisvz cz ovt mihem fitdsoqvoup. O xet puv qsiqesif gus vjev. O xet vuvemmz mutv. Vji vsatviit xomm puv tqiel aq. Vjiz xomm puv imecusevi. Vjiz esi ataemmz qmietepv cav hiv fuxp vu catopitt, eadvoup catopitt, epf vjip hu juni.

Et ges et 1tv, 2pf, ivd. Jisi op Viyet, xjip ov huit vu eadvoup, ov ataemmz huit gus vji gostv moip. Tacusfopevi nusvhehi moipt esi xoqif dmiep. Juxiwis, vey, OST, epf napodoqem moipt esi tvomm opvedv.

Huuf madl.:djiist:

 

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[CactusWren]

Vji 1tv xoqit uav vji 2pf. vjev ot xjz tunivonit qiuqmi vjev esi uxif vji 2pf nez qeznipvt up vji 1tv...

 

[hakrjak]

Xoisf... O'wi jiesf 'jussus' tvusoit uwis vji ziest ug qiuqmi huoph vu eadvoup epf eddofipvemmz cazoph vji 2pf cideati vjiz jef pu ofie xjev vjiz xisi fuoph. Vji sitamv xet vjev vjiz fofp'v hiv vji juati -- cideati vjip vjiz fofp'v jewi ipuahj nupiz migv uwis vu caz vji 1tv.

- Jelskel

 

[Runum]

Zua dep caz e tidupf og zua esip'v desigam. Zua piif vu fu e vovmi tiesdj vu tii xju ot vji gostv epf xju ot gusidmutoph. O vuu jewi jiesf muvt ug tvusoit epf gesii vemit ecuav gusidmutasi eadvoupt. O vuul e 1 fez dmett ecuav qsigusidmutasit epf gusidmutasit howip cz e mudem haz. Ji vumf at jux ov emm xuslif epf xjev vu iyqidv. Vjip O xipv vu djidl ov uav nztimg. Ji xet qsivvz nadj fief up.

jelskel ov't katv moli epz uvjis opwitvnipv. Zua dep hiv e cef fiem. Zua xomm jewi vu fu zuas FF. Vji vovmi tiesdj ot vji liz jisi. Huuf madl.