Auctions typically get a bad rap by investors. Mostly because they think they’ll get scammed on a property and never make a return from it. 

But there are many ways you can monetize auctions. And if you do your due diligence, you won’t get duped into paying for a dud. 

In this episode, Mike Wolf, a seasoned real estate investor and auctioneer, joins me to reveal the exact process you need to follow to make a killing at auctions. Also, Mike explains how he picks turnkey markets for rental properties and what we can expect in this new world. 

Here Are The Show Highlights:

• How to travel anywhere in the world (even while managing your business and family) ([3:09]) 
• How to spot the hidden gems from the dangerous deals at tax deed auctions ([6:02]) 
• Why relying on Google Maps could trick you into buying a house that’s burnt to the ground ([7:26]) 
• Where to buy a single-family home for a measly $7,000 ([7:58]) 
• Unusual ways to laugh your way to the bank during auctions — especially for real estate beginners ([18:52]) 
• Why it can take 18 months (or more) to get rid of a bad tenant in California ([28:58]) 
• How one bad tenant can wipe out your life savings ([29:40]) 
• How to “forecast” the future and get underpriced homes that will boom in a few years ([32:45]) 
• Why evaluating cash flow when purchasing properties can bankrupt your entire business ([33:39]) 
• 3 criteria to determine the best markets for turnkey rentals ([34:11]) 

If you have any questions for Mike or want to learn more real estate investing insights, you can send him an email at info@mikewolfmastery.com or visit his website https://MikeWolfMastery.com. 

Wish you had sellers coming to you instead of having to chase them down? We put together a free training for you over at http://socialmediablueprint.com/podcast to help you do this. Or if you want to schedule a marketing strategy session with me and my team, book your free session at https://socialmediablueprintpodcast.com/.