There are huge opportunities that we can gain from auctioned property but remember that there are huge traps too. As a general rule, any investment that give an opportunity to make a lots of money also have a high risk of a losing lots of money too.
So, remember that if you want to make money from property auctions, you must know what you are doing. Otherwise, you could lose it all and get a major problem.
First trap – Poor Location
Some of the properties being auctioned off are very cheap. Some properties being auctioned off for less than RM20,000. That is less than the price of some second-hand cars.