– Go to an auction in advance so you can see how things are done and you become familiar with the environment and the procedures.
– Maybe have someone with you who isn’t emotionally invested.
– Have multiple choices so you’re not attached to a specific property only
– Some auctions may have tutorials of how to do things
– Maybe have a mentor who can tell you tips and tricks
– Doesn’t do research to know in advance what the properties are worth
– Let’s ego get in the way
– Take prop0erty ownership before bidding begins
– Has no present limits
– Engages in bidding wars with other emotional bidders.
– As an alternative
– Do research first
– Determine in advance how far you’ll go up
– Be willing to let liens and deeds go
– Avoid bidding wars and pay more and not make a profit
– Stick to a predetermined game plan .