Tag: BidX1

Why there’s nothing wrong with buying repossessed property

I have made and published a few videos on my YouTube channel about buying property at BidX1, and other online, auctions. A small number of people are critical of such purchases and such auctions because they involve repossessed properties in the main, with the sales being carried out by receivers on behalf of the lender… Continue reading Why there’s nothing wrong with buying repossessed property

Bid X1 auctions-the allure of a bargain

I receive a lot of calls and queries about buying property at Bid X1 auctions. Everyone loves a bargain, and such auctions promise bargains, especially with the cheap looking guide prices. I have made a few videos about buying at a Bid X1 auction and warned viewers and potential buyers that there are certain traps… Continue reading Bid X1 auctions-the allure of a bargain

2 things confirmed from my latest property investment video

I published a video on my YouTube channel yesterday called “I bought this property at a Bid X1 auction” and it has been one of the most popular videos I have published in a long time. There has been a tremendous number of views, comments and engagement. It shows two things: The chip on the… Continue reading 2 things confirmed from my latest property investment video

The risks of buying property with a tenant on “terms unknown”

I have repeatedly advised about the perils of buying at a Bid X 1 auction, or other online property auction. I always advise about getting the legal pack checked out. And that often a receiver will sell a property with a sitting tenant on “terms unknown”. Buying a property with a tenant on “terms unknown”… Continue reading The risks of buying property with a tenant on “terms unknown”

Buying property at BidX 1 auctions-4 things you ought to know

If you are tempted to buy property at a BidX1, or similar auction, you need to understand a few things: You might get a bargain, or you may run into a competitive auction in which case the price may exceed expectations. But remember point number 4 above. Check out my book, Buying a house in… Continue reading Buying property at BidX 1 auctions-4 things you ought to know

Online property auctions-not for everyone but..

Online property auctions, such as BidX 1, are not for everyone. But there are bargains to be had for a specific type of individual. Firstly, you need to be a cash buyer. Theoretically, a buyer could probably obtain a mortgage on an auction property but it would be extremely difficult. Secondly, you need to accept… Continue reading Online property auctions-not for everyone but..