Can you still pick up a bargain at auction that would make a great HMO?
If you’d asked me a year or two ago, I’d have said yes, but there weren’t many opportunities around. Things have changed. The market has slowed, sellers are more motivated, and there are more opportunities in the auction room than I’ve seen in a long time.
In this episode, I talk you through how to buy at auction without getting burned. I cover why properties end up at auction, how the different types of auction work, the due diligence that really matters, how to fund the purchase and how to set your maximum bid. I also explain why pre-auction and post-auction offers are some of the best ways to pick up a real bargain.
🎯 What You’ll Learn
- Why properties end up at auction
- Traditional auctions vs the Modern Method of Auction
- Why national auction houses can hide better deals
- The due diligence that really matters
- How to fund an auction purchase
- How to set your maximum bid and stick to it
- Using pre-auction and post-auction offers to grab a bargain
Whether you’re thinking about bidding on your first auction property or you’ve already got your eye on a lot, this episode will help you go into the auction room prepared, confident and clear on your numbers.
💻 Resources & Mentions
- Episode 248: How To Fund Residential to HMO Conversions Using Bridge Lending With Ellie Broadhurst. Listen here.
- Join my Accelerator Programme: If you’d like my direct input on your current or next project, you can watch this videoor book a complimentary strategy call with me here.
- The HMO Roadmap: Feeling overwhelmed? Access 400+ tools, templates, and lessons to help you start, scale, and systemise your HMO business - all in one place. Join here.
- The HMO Community: Got questions or need support? Come and connect with 10,000+ investors inside our Free Facebook Group here.
- Social: Follow me on Instagram for daily HMO tips, advice, and behind-the-scenes updates here.
