cover of episode 396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui

396: Post-COVID-19 Investing and Landing Great Deals at Auctions with David Osborn and Aaron Amuchastegui

Publish Date: 2020/8/20
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to <strong>buy foreclosed properties</strong>, step-by-step?</p><p>That's what you'll learn today, from two investors who have completed over 1,000 deals each: <strong>David Osborn</strong> and <strong>Aaron Amuchastegui. </strong>They begin the show by sharing their thoughts on <strong>today's economy</strong> (hint: they've kept plenty of cash <strong>cash</strong> <strong>on hand</strong>), then walk us through their <strong>5-step process</strong> for successfully bidding on foreclosed properties at auction.</p><p>From <strong>building a list</strong> of properties, to<strong> lining up funding</strong>, to checking title and actually <strong>making your bid, </strong>you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up <strong>distressed properties</strong> after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to <strong>build serious wealth</strong>.</p><p>For more, pick up a copy of David and Aaron's new book, <a href="http://biggerpockets.com/auctionbook"><strong><em>Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures</em></strong></a><em>. </em>And check out the show notes at <a href="https://airtable.com/tbleGMIyBenEoyboU/viwgoO69lRa3w2JCJ/biggerpockets.com/show396">biggerpockets.com/show396</a> for a transcript and other resources.</p><p>In This Episode We Cover:</p><ul>
  • The impact of COVID-19 on various assets
  • Why David Osborn is keeping a heavy cash position
  • How the foreclosure process works (notice, etc.)
  • What a foreclosure auction (sometimes called a "trustee sale") is
  • The 5 Steps to buying at auction
  • Why it's so important to drive by every property you plan to buy
  • Aaron's first auction experience as a newbie
  • How to deal with a lien on a property
  • And SO much more!

    • Links from the Show

    Check the full show notes here: https://www.biggerpockets.com/show396

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