Episode #061 - EVERYTHING You Need to Know About REAL ESTATE AUCTIONS!

Today our hosts Braden Cheek, Brian Duck, and Joel Thompson with The Criterion Fund discuss everything you need to know to be fully prepared when it comes to buying Real Estate from auction platforms! Time Stamps: 0:00 - Intro 1:21 - More & more people are putting their properties on auction platforms. 2:36 - A big driver for sellers on auction platforms is a guaranteed sale. 3:02 - The platforms we use (tenx.com, RiMarketplace.com, etc.) 4:03 - The registration process 6:50 - Everything you need to know about the underwriting process on auction platforms. 10:06 - Some negatives of buying from auction-type platforms. 16:09 - Positives of buying from auction-type platforms. 17:21 - The Criterion Fund's most recent experience of bidding on an auction site. 19:18 - The Auction House will bid against you! 24:10 - We've utilized these platforms, but not without its challenges. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list