Jun 29, 2017
Arnie Abramson began buying tax sale properties in 1992. For many years afterwards he was a buyer, seller, landlord, and teacher/speaker on all phases of real estate investing primarily in the Dallas-Fort Worth Metroplex and surrounding areas.
Arnie is an expert in the North Texas Market when it comes to buying at the auction. He shares years of wisdom in this episode to help you understand the entire auction buying process from start to finish. He goes over the pre-auction process, auction process, and post-auction process and how to exit deals. Arnie goes over all those specific little details we need to know when buying at the auction and how to do it safely and profitably.
He is kind and wise men, who shares his knowledge with whole heart. You will definitely enjoy while listening to this episode.
Arnie Abramson - arnie@txtaxsales.com
903-776-2929
Texas Tax Sales Resource Group LLC - www.txtaxsales.com
Show Notes:
00:00 – 02:40 Introduction
02:40- 10:00 How Arnie started and how he got into auction process?
10:00 – 15:20 Auction process, step by step.
15:20 – 18:05 Process of financing properties.
18:05 – 23:10 Title issues and deed transfer.
23:10 – 28:20 What are you allowed to do with property before you get title?
28:20 – 29:40 Difference between tax lien state and tax deed state.
29:40 – 32:56 Process of viewing the property?
32:56 – 35:42 What is typically winning bid on the property.
35:42 – 38:18 Arnies meetups.
38:18 – 43:15 How does the bidding process work ?
43:15 – 45:11 Is there any company that does transactional funding, does funding for auction buyers exists?
45:11 – 49:58 When is next market crash and how to prepare for it?
49:58 – 55:51 Properties in smaller towns.