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 or visit his website

Wish you had sellers coming to you instead of having to chase them down? We put together a free training for you over at 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

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