Anna Mekoh - Bidding to Buy: A Step-By-Step Guide to Investing in Real Estate Foreclosures

Praise for David Osborns Books

When it comes to all the tools that David and Paul deliver as they play to win on the road to financial freedom, abundance may be an understatement. Their passion for entrepreneurship and commit-ment to supporting their global community add depth to their success strategies for life at the top

and the messages of inspiration in Wealth Cant Wait.

Robert Kiyosaki, Entrepreneur, educator, and author of Rich Dad Poor Dad

Osborn and Morris offer their approach to building a successful business and building wealth.

There is a lot of information packed into the book, and yet it remains an engaging and accessible read.

Caroline Ceniza-Levine, Senior Contributor at Forbes.com

If youve struggled to make change, or it seems like youve done everything right and something still seems wrong, my bet is that youre disconnected from the fundamental truth that who you surround yourself with determines your future. Your opportunity to rediscover that truthand change your lifelies in this remarkable story.

Hal Elrod, Author of the New York Times bestseller The Miracle Morning and The Miracle Equation

A wonderful story and a compelling guide to why surrounding yourself with the right people is so important to success.

Jeff Hoffman, Serial entrepreneur and Co-founder of Priceline.com Praise for Aaron Amuchasteguis Books

The 5-Hour School Week is the guide that will show you how to identify the best educational model for your family. Highly recommended.

Hal Elrod, International Bestselling Author of The Miracle Morning

Homeschooling provides an unrivaled opportunity to develop a growth mindset for our kids, and The 5-Hour School Week is a great example of that very reality. Aaron and Kaleena have put together a must-read manifesto for any family, whether you homeschool now or are thinking of it for the future.

Matt Beaudreau, Founder of Acton Roseville and Keynote Speaker

Allow this book to bring you encouragement, inspiration, and some practical how-tos. As a homeschooler myself, Im walking away from reading this book with a fresh perspective on our journey and cant wait to start implementing our own 5-hour school week!

Lindsay and Mike McCarthy, Co-author of The Miracle Morning for Parents and Families, and CEO

of Gobundance and Fambundance

The 5-Hour School Week focuses on the most important lessons and implements them by following the childan art most of society has lost.

Jim and Jamie Sheils, Bestselling Author of The Family Board Meeting, and Co-creators of the Education Matrix and the 18 Summers Movemen

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publisher.

Limit of Liability: Although the author and publisher have made reasonable efforts to ensure that the contents of this book were correct at press time, the author and publisher do not make, and hereby disclaim, any representations and warranties regarding the content of the book, whether express or implied, including implied warranties of merchantability or fitness for a particular purpose. You use the contents in this book at your own risk. Author and publisher hereby disclaim any liability to any other party for any loss, damage, or cost arising from or related to the accuracy or completeness of the contents of the book, including any errors or omissions in this book, regardless of the cause.

Neither the author nor the publisher shall be held liable or responsible to any person or entity with respect to any loss or incidental, indirect, or consequential damages caused, or alleged to have been caused, directly or indirectly, by the contents contained herein. The contents of this book are informational in nature and are not legal or tax advice, and the authors and publishers are not engaged in the provision of legal, tax, or any other advice. You should seek your own advice from professional advisors, including lawyers and accountants, regarding the legal, tax, and financial implications of any real estate transaction you contemplate.

Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures David Osborn and Aaron Amuchastegui

Published by BiggerPockets Publishing LLC, Denver, Colorado

Copyright 2020 by David Osborn and Aaron Amuchastegui

All Rights Reserved.

Publishers Cataloging-in-Publication Data

Names: Osborn, David, author. | Amuchastegui, Aaron, author.

Title: Bidding to buy : a step-by-step guide to investing in real estate foreclosures / by David Osborn and Aaron Amuchastegui.

Description: Includes bibliographical references. | Denver, CO: BiggerPockets Publishing, 2020.

Identifiers: LCCN: 2020936055 | ISBN: 9781947200333 (pbk.) | 9781947200340 (ebook) Subjects: LCSH Real estate investment--United States. | Foreclosure--United States. | House buying-

United States. | Investments. | BISAC BUSINESS & ECONOMICS / Real Estate / Buying & Selling Homes | BUSINESS & ECONOMICS / Investments & Securities / Real Estate | BUSINESS & ECONOMICS / Real Estate / General

Classification: LCC HD255 .O79 2020 | DDC 332.63/24--dc23

Published in the United States of America and printed on recycled paper.

10 9 8 7 6 5 4 3 2 1

TABLE OF CONTENTS

1. Take a Birds-Eye View

2. Look for Sales History and Comparable

3. Adjust Your Comparables

The Dangers of Square-Foot Pricing

B. COSTS

Fortune Favors the Prepared

Miscellaneous Overhead

Construction Costs

CHAPTER 1 | Risk and Reward

Back to the Bid Sheet

The Foreclosure Process

Help!

Opportunities in the Foreclosure Timeline

The Art of Analysis

The Risks of Buying at Auction

The Rewards of Buying at Auction

CHAPTER 7 | Step 4: Title Review

The Risk-Reward Connection

What Is Title?

Lien on Me

CHAPTER 2 | Tools of the Trade

The Auction Difference

Deacon versus Jasmine: Two Approaches to the

Three Ways to Do Title Review

Courthouse Steps

The Task at Hand: Find and Prioritize Surviving

Fishing versus Hunting

Title Risks

Improving Your Numbers

A. Check for Outstanding Property Taxes

The Tools of the Courthouse Warrior

B. Find the Ls: Liens, Lawsuits, and Liabilities

Taking the Numbers Game to the Next Level

C. Filter and Prioritize Your Findings

CHAPTER 3 | Assembling Your Team

Which Loan Are You Buying?

Time, Money, and Teleportation

Title Dj Vu

Your Auction A-Team

Disclaimer: Go to the Pros

Tips for Building a Great Team

Title Research Pays Off

Fishing and the Love of the Process

Its Time to Get Ready for Auction!

Wait! There Are Resources!

CHAPTER 8 | Step 5: The Auction

The Foreclosure Auction Mindset

The Five Steps

Solving the Paradox of Auction

Preparing for Auction

CHAPTER 4 | Step 1:The List

To Bid or Not to Bid

Its Worth It

Onward to Part III

How to Build Your First Foreclosure List

Filtering Your List

Listin Aint Easy