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…