28d • Auction Fundamentals
Analyze Any Auction Property in Under 10 Minutes
Happy Monday, everyone! Today we’re going over one of the most important skills you can develop as an investor — quick property analysis.
When you’re working with auctions, speed matters. Deals move fast, bidding moves fast, and opportunities come and go in hours.
So here’s a simple framework you can use to analyze ANY auction property in under 10 minutes.
⏱️ Step 1: Check the Comps (2 minutes)
Go straight to:
- Recently sold properties (last 1–6 months)
- Same bed/bath count
- Similar square footage
- Within 0.25–0.5 miles
You’re looking for the ARV (After Repair Value) — what the home will sell for in its best condition.
If there are zero comps, that’s a MAJOR red flag. Move on.
🔧 Step 2: Evaluate Condition (2 minutes)
Use the photos + description (and Google Street View) to get a quick read:
- Light cosmetic?
- Mid-level rehab?
- Full gut?
You don't need to be a contractor. Just determine which category it falls into — because your numbers will be based on it.
Rule of thumb:
- Cosmetic = $5K–$20K
- Medium = $20K–$40K
- Heavy = $40K+
📁 Step 3: Check for Liens, Violations & HOA (2 minutes)
Quick checks:
- Property Appraiser
- Clerk of Courts
- Probate/Foreclosure records
- HOA listed? → Expect rules + monthly dues
If you see unpaid taxes, utility liens, or heavy code violations…Bake that into your numbers or consider passing.
💰 Step 4: Estimate Total Cost (2 minutes)
Add together:
- Projected bid price
- Rehab
- Closing + holding costs (usually 8–12% total)
This gives you your all-in number. Now compare it to the ARV you found in Step 1.
📊 Step 5: Make Your Call (1–2 minutes)
A deal is worth pursuing if:
- The spread is strong (aiming for a 30%+ Profit)
- The neighborhood supports your ARV
- Rehab is reasonable
- Financing works
- Risk is manageable
If not?✨ PASS.
Remember — passing is a winning strategy in auction investing.
💬 Your Turn
If you feel like you’re ready for more help and you’re serious about investing —drop a message below and I’ll reach out with details on how to work with me 1:1 to lock in your first auction deal.
Let’s build your momentum. 🚀
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Analyze Any Auction Property in Under 10 Minutes
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