Episode 14 - Project #7: Buying a House at Auction
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:
- Be prepared BEFORE you go to auction
- Find a local non-profit junk removal partner
Episode Resources:
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