Happy Monday, everyone!Today we’re breaking down two very different types of auction platforms — and why understanding the difference can save you thousands of dollars (and major headaches). Not all auctions are created equal. 🖥️ 3rd-Party Auction Sites (Ex: Auction.com) These are platforms that host bank-owned or lender-controlled properties. ✅ Why Beginners Like These: - Often allow financing (DSCR, Fix & Flip, Non-QM, etc.) - Some properties allow inspections and appraisals - Liens are typically cleared at closing (but still verify) - More time between winning the bid and closing - Familiar buying process (title company, escrow, etc.) ⚠️ Things to Watch For: - Buyer’s premiums and auction fees - Reserve prices (not always disclosed) - Competition can drive prices up ➡️ These are generally lower risk and more beginner-friendly when paired with proper analysis. 🏛️ State & County Auctions (Tax Deeds / Foreclosures) These auctions are run directly by the county or state — and the rules are VERY different. 🚨 Why These Are Riskier: - Properties can come with liens, code violations, or unpaid utilities - You usually cannot inspect the interior - No financing — ALL CASH - Payment is often due within 24–48 hours of winning - Title issues are common (quiet title actions may be needed) 💡 Why Some Investors Still Love Them: - Less competition - Deep discounts - Strong margins if you know what you’re doing ➡️ These auctions reward advanced investors with strong systems and cash reserves. 🧠 Quick Rule of Thumb If you’re newer: ➡️ Start with 3rd-party auction platforms where risk is more controlled. If you’re experienced, well-capitalized, and understand title: ➡️ County auctions can be powerful — but mistakes are expensive. 💬 Which type of auction are you most interested in right now? 🚀 Ready to Go Deeper? If you’re serious about buying your first (or next) auction property and want step-by-step guidance, live deal breakdowns, and support inside a proven system…

Welcome to Auction Property Academy. I'm excited to have you apart of this amazing community! That being said, I want to go over some community guidelines with you all and give you a chance to introduce yourself and get active in this community Step 1: IMPORTANT - First please introduce yourself in the Welcome tab using this copy-paste template 1. What's your name? 2. Where are you from/based? 3. What you wanna learn about from this community? Step 2: Head over to the modules and start going through the content Step 3: Answer the poll below Step 4: Comment on this post to let you know you've introduced yourself. Last thing, be respectful, add value and follow the rules. Welcome to the best Auction Property Academy in the world. Glad to have you. - Tiffany