Mastering Real Estate

Episode 14 - Project #7: Buying a House at Auction

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Deal Details

  • Address: 2457 Watson Road, Birmingham, AL 35235
  • Type: Flip
  • Year Built: 1974
  • SF: 1,324
  • Mix: 3/1.5
  • Year: 2019
  • Timeline: 7 months
  • Project Cost: $107,000
    • Purchase Price: $57,000
    • Rehab: $50,000
    • Sales Price: $135,000
    • Profit: $28,000
    • Before Photos
    • After Photos
    • Video Tour

      • How to Navigate Auctions

      • Be prepared (do a title search, investigate the house, run your numbers conservatively)
      • Observe an auction before buying

        • Key Takeaways:

        1. Be prepared BEFORE you go to auction
        2. Find a local non-profit junk removal partner
           

          3. Episode Resources: 

          • Slideshow Link
          • Before Photos
          • After Photos
          • Video Tour

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                Mastering Real EstateBy Maura McGraw
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