First of all prety new to RE investing. I’ve been watching a foreclosure that I found in the newspaper a few days ago that was scheduled to go to auction yesterday (8/23).
Last year the house was selling for $244k and there’s a identical house, 3 houses away on the same street for sale at $275k.
The brick house sits on a cove in a lake and has great location to shopping, school, etc. Similar lots are going for around $65k w/out any improvements.
Anyway, the opening bid for the auction was around $145k and the house is in good shape. I didn’t see any visible damages to the house. It could use updated interior paint, wood flooring, etc.
I wasn’t able to attend the auction yesterday because I was out of town.
[b]My question is:
Is there a way to find out if the property sold and for how much? Also, if the property didn’t sell, what are my options to aquire or wholesale the property?[/b]
Also, I have an investor that basically told me to find omething. He’ll put up money, and I’ll do the labor and foot work for 50/50 split. Good deal?
I’ve spent 6 years in residential construction and I’m very good with building/repair so I know I could do anything necessary to improve the house.
Thanks for the help!
Gaston