Tag: BidX1

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..