My first Auction.com Flip - Episode 1

Just closed my first Auction.com flip. Follow along if you’re interested in Real Estate, flipping, or purchasing a home on Auction.com!
Check out episode 2 to see how this deal ended up shaking out. • My First Auction.com F...
Want to get in touch? Send me a DM on IG. @keithmcmahon_realestate
Book an REI strategy session where can deep dive into your flipping questions and goals here: reistrategyses...

[@user-pp8ly2wn6t]

Thank you so much for this video. Super helpful and well-presented. Your time and effort is most appreciated!

[@JasonKim1]

We need a follow up. Great video Keith.Thanks.

[@keithmcmahon]

I will have a follow up video coming soon. We did get inside and I have footage of everything.

[@keithmcmahon]

Episode 2 is live!

[@LAMBNATION98]

Counter bid by seller is crazy

[@mayda_makesiteasy24]

Great video. I love your roi sheet, do you mind sharing it?

[@mahmoudmekky9133]

Thanks for your video, I wish I saw it before

[@MollyBuck-qb9qh]

awesome video !!!

[@jjuneyong553]

thanks for the contents. it really helps.

[@HeavyYouTouber]

Great content.. congrats on the bid! Any updates on the property 💪🏽

[@keithmcmahon]

Yes! Recently got into the property 👀 I’ll post an update video soon and notify you!

[@keithmcmahon]

Episode 2 is up! Head to my page to check it out.

[@ricardomartinez1327]

I will love to work for you if there’s openings !

[@HenryZehnal]

Yes I have a question. How is your beard so awesome?

[@keithmcmahon]

Great question. Just like anything, it takes years of hard work. 🧔‍♂️

[@alinecostacomoestudarnoext8050]

Do you have to pay everything in once or can you make monthly payments?

[@kensleyjean4663]

So is it an absolute sale? DO you have to pay the liens?

[@obizz234]

How did you go about funding. Cash out of pocket?

[@keithmcmahon]

Cash up front at auction then have a community bank refinance me out.

[@liquidbeef]

“You have to assume it’s not going to be terrible inside” What? Why? I would assume it’s going to be absolutely terrible inside, no?

[@liquidbeef]

Better to err on the side of caution and be pleasantly surprised if it turns out to look good I mean

[@keithmcmahon]

Normally yes, however this particular property was only about 2 years old in a brand new neighborhood. That is why I didn't think it would be a complete nightmare. Otherwise I always assume the worst!

[@mereiaranadi5857]

Thanks for this - Same situation here - any email to reach out

[@Data853]

Was this a bank-owned or was it auctioned at a court?

[@keithmcmahon]

Good question. It had already been through foreclosure so it was bank owned, but the prior owners still occupied the home.

[@Data853]

And that’s why the eviction. Thanks

[@FitnessDoe]

Hey! Any updates??

[@keithmcmahon]

Episode 2 is live!

[@user-gl8xg4gk5o]

Hi Kevin, how did you get the tax amount from your sales price?

[@keithmcmahon]

I just did a standard Illinois tax pro-ration based on the current tax bill.

[@user-gl8xg4gk5o]

⁠@@keithmcmahonThank You.

[@Onrdough]

👀

[@Finalaproach]

Mind me asking how did you finance this buy? cash?

[@keithmcmahon]

I ended up putting a community bank loan on this one. 75% off purchase price.