EP156: Master Real Estate Auctions: Guide to Avoiding Pitfalls and Scoring Deals

EP156: Master Real Estate Auctions: Guide to Avoiding Pitfalls and Scoring Deals - Paul Lizell

In today’s episode, Paul Lizell joins us as we delve into the intricacies of real estate auctions, discussing the benefits and risks, and providing invaluable advice for both seasoned and aspiring investors. Paul shares his insight into the advantages of buying at auction, where discounts can range from 20% to 80%, and the essential considerations for calculating the maximum allowable offer on properties. We will cover selling strategies like wholesaling and rehabbing, and discuss why sometimes holding a property long-term is the best strategy for appreciation.

Paul opens up about his ongoing projects, including a software program designed to simplify data collection across REO websites, and his real estate training programs which offer in-depth coaching. Additionally, we'll touch upon the current state of property markets, with a focus on the challenges and opportunities in Southwest Florida.

Show Notes
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In this episode, you will learn

Different types of auctions related to property distress and foreclosure processes
Range of discounts available at auctions
Strategies for selling including wholesaling and rehabbing
Recommendations on acquiring a rental property

About Paul

Paul is the founder of The Virtual Investor, The Flipping Out Podcast, The Crypto Degen, TCKS Holdings, LLC & www.reoauctionacademy.com. He has been flipping properties since 2001 and is the original virtual wholesaler having purchased all over the US since 2009. He has bought and sold properties in 44 of 50 states and has simplified the process of moving into new markets. He contributes his success to utilizing systems and processes that simplify the online buying process which he teaches at www.reoauctionacademy.com. He has focused exclusively on online auctions, bank REO’s, buying off the MLS, and wholesalers across the country since 2013. A graduate of Drexel University in 1998 holds a degree in Finance & Economics. Avid Crypto investor since early 2017 and creator of The Crypto Degen educational program.

Connect with Paul

Website: www.reoauctionacademy.com

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