EP20: How Do You Buy Real Estate at the Foreclosure Auctions? - Matt Sanchez

In this episode of the Real Wealth Formula Podcast, Brad Hovis sits down with seasoned investor Matt Sanchez to dive deep into how to buy real estate at foreclosure auctions, evaluate deals, and create long-term wealth through cash flow strategies. Matt shares his 40+ years of experience, including tips on bidding tactics, analyzing liens, and avoiding costly mistakes.

 

Key Takeaways:

• Step-by-step process of buying real estate at foreclosure auctions.
• Understanding O&E reports, liens, and title risks.
• Why cash flow is more valuable than property appreciation.
• The difference between fix-and-flip and buy-and-hold strategies.
• Networking tips with experienced auction buyers.
• How to avoid common mistakes when bidding at auctions.

Resources/Links Mentioned:

Public Trustee Websites (Colorado Examples):

• https://www.adamscountyco.gov/foreclosures
• https://www.denvergov.org/government/departments/finance/foreclosures

Wells Fargo (mentioned as an example):

• https://www.wellsfargo.com/

O&E Reports (Ownership and Encumbrances):

• Available through title companies such as:
  • https://www.firstam.com/

 

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