[quote=ctr70]I have never ventured into buying trustee sales. That game is full of sharks and for the super, super experts. There are a TON of pitfalls. I would do some serious education before even thinking of trustee sales, and honestly I do not think they are worth it anymore. From what I hear there is way too much competition and properties are getting bid up to almost retail prices. You have to REALLY do your homework and know what you are doing or you can get killed.[/quote]
Me neither. I just had no interest in it. I have several friends that are definitely experts on the subject. They tried getting me in this game 2 years ago but I just never would have interest buying a place that I couldn’t go in and see.
My friend bought 30 properties last year. And the year before that I think he bought more. He is just an individual but he has an entire team he works with. Renovation/contractor team, etc.
He told me it’s impossible now because the institutional guys have entered the playing field. He said it’s almost impossible now.
