Real Estate Auctions

With my 2+ Years of Experience in the Real Estate Investment field, it is my experience that real estate auctions, such as Cotten Auctions for the Central Illinois region, is the best and most profitable way to purchase a home.

For starters, little to no closing costs (for the buyer; the closings costs are typically paid for by the seller of the property), which immediately saves you several hundred dollars (depending on the amount of the house you bid on).

Next... No REALTOR! Do not get me wrong. I appreciate realtors, because they have a place in the real estate market. But the opportunity to view a home without them, especially for someone with experience in real estate investments, is huge. +++ Did I mention that realtors usually charge for their time?

Nonetheless, I'm not saying that realtors are bad people. I have several friends that are realtors and their knowledge, especially when I first started, was invaluable. But I learned at a young age, not to show "all your cards". Most of my realtors have a hard time determining on their own whether or not I am REALLY interested in a property... and I like to keep it that way. The old saying, "Don't let the left hand know what the right hand is doing..." could apply here. ;)

Nonetheless, I highly value real estate auctions. My first three properties I ever purchased were bought at a real estate auction. I was able to pick them up for under $25k (TOTAL) and they had a collective ROI of 78% (with 2 of the 3, having an ROI of over 92%)