Plain-English explanation
No financing, no inspection, no title insurance. High-margin but high-risk.
Examples
- Courthouse step auction with $10k deposit, balance in 24 hours.
Common mistakes
- Bidding without title search.
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House Flipping
Public sale of a foreclosed property, often requiring cash and 24-hour close.
Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice
No financing, no inspection, no title insurance. High-margin but high-risk.