Auctions can be a fruitful money-printing machine in your real estate investing business. But they can create more headaches than moolah — especially if you don’t know what you’re doing. 

Most investors don’t do their due diligence — both before the auction and after they purchase the property — and that can cripple your profits (or even result in a loss). 

But it doesn’t have to be that way. Once you learn a few tricks of the trade, you can turn a profit from most auctioned houses you buy. 

In this episode, Kris Haskins, a multi-millionaire real estate investor who built his empire after losing everything, reveals the misconceptions about auctions, common pitfalls for investors, and how to buy profit-generating houses at auctions. 

Here Are The Show Highlights:

• The biggest misconception about auctions that can wreak financial chaos on your business ([10:46]) 
• The exact best time to place a bid at an auction to get the best price ([13:43]) 
• The #1 biggest mistake rookies make after buying a house at an auction that can wipe out all your profits ([17:07]) 
• How to deal with a tenant trying to rip off the doors of your newly purchased home ([18:47]) 
• The “Cash for Keys” Method for getting rid of pestering tenants who won’t leave ([20:48]) 
• Why every bad deal is your fault ([24:12]) 
• How spending a couple hundred bucks will prevent you from blowing a couple thousand ([26:47]) 

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. 

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