Flipping houses bought at the foreclosure auction (a.k.a Trustee sales auction) has become a very lucrative business in Las Vegas in the last few years.

• This is the one and only foreclosure auction before the property gets reposessed and becomes an REO property
• Only cash (cashier checks) are excepted as the form of payment
• Bidding happens in real time
• An investor can get a property for under the 30% of the market value leaving there a margin for a flip

• Priced as REO foreclosures
• Fixed and clean houses
• Fast seller's response
• Do not deal with the banks

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