Lessons From Auction Mistakes with Tommy Loretz | Episode 37

Feb 13, 2025

Tommy Loretz, a licensed real estate broker from California, shares his eye-opening experiences with real estate auctions. He recounts nightmare deals, including an unexpected garage purchase that was supposed to be a home. Misunderstandings about property parcels led to costly mistakes, altering Tommy's investment strategies. Through engaging anecdotes, he highlights the critical need for thorough research and local knowledge. Tommy also discusses innovative solutions for dealing with squatters and emphasizes building a strong network in the real estate market.

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Intro

00:00 • 2min

Navigating Auction Pitfalls: A Cautionary Tale

01:38 • 4min

Misunderstanding Property Parcel Sales

05:38 • 2min

Navigating the Challenges of Property Auctions

07:11 • 19min

Navigating the Auction Maze

26:24 • 8min

Creative Solutions to Real Estate Challenges

34:26 • 3min