Whether you are a buy and hold investor, fix and flipper, or property wholesaler, if you have financing in order, buying foreclosure and REO properties at auctions is a great way to get a good, quick deal. You might be surprised at how many properties are being auctioned in your area; you just have to know where to look. We have put together some of the best ways to find auctions. Bonus, even if you don’t want to buy a property, auctions are a fantastic way to network with other real estate investors.
Auction WebsitesThere are a handful of websites dedicated to finding property auctions. Auction.com and Hudson & Marshall are some of our favorites.
NewspapersLocal newspapers can be a gold mine of property auctions. Check the legal notices section.
The U.S. TreasuryThe U.S. Treasury holds approximately 300 public auctions every year with many good real estate deals.
Google SearchYou’d be surprised at how many deals you can find simply by typing “foreclosure auctions” into Google.
Remember, when buying a property at auction, careful research and preparation is key. For more methods on finding property deals, check out our blog post How to Find Investment Properties in a Tight Market.
Related: Tips and Tricks to Find Investment Properties in a Tight Market, Where Should I purchase my rental property?