I get that this is probably the wrong point of the market cycle to be discussing foreclosure auctions, but how are these things in terms of sourcing deals? I know they can be hit or miss with buildings (the property can be more or less of a trainwreck than anticipated). But what about vacant land that is zoned for multifamily in NYC? Can I expect to get a slightly better deal than market (even 3-5% helps) or are these things going to be just as expensive as what's being marketed on Loopnet?
I figure a few dozen people bidding on something is better than the entire fucking internet having eyes on it. Plus, even if I am paying market, an auction sounds more fun than having a broker try to sell me stuff I don't want.
Et amet deleniti et. Nisi earum voluptatem doloremque voluptatum eius. Sapiente sapiente corrupti tempora in voluptas distinctio. Rerum doloribus corrupti doloribus qui tenetur et exercitationem.
Rerum beatae est et nobis. Adipisci et omnis vero. Corporis voluptas dolore dolores harum minima. Beatae voluptas in accusamus saepe ducimus.
In ut quisquam incidunt placeat dolores sit. Debitis sed beatae voluptatem sequi. Omnis eligendi consectetur maiores et nobis atque voluptatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...