Quote · BiggerPockets Real Estate Podcast
Chad Carson’s 2 Deals/Year Strategy That Makes You a Rental Millionaire
Where this was said
Foreclosure Auctions, Pre-Foreclosures, Probate & Eviction Lists
At 10:37 · chapter starts 10:35
The conversation shifts into a practical inventory of deal channels that most investors have forgotten or abandoned. Henry makes the headline call: foreclosure auctions are back. [1] — Henry Washington "Foreclosure auctions sat dormant for years, so most investors forgot about them. Henry Washington says they're back, they're fertile, and t…" 10:30 After years of inactivity, barely anyone is showing up — and the people who are there are cash-rich local operators with off-market inventory to sell. Pre-foreclosures offer a lower-risk alternative: reach sellers before the auction, skip the title risks, and close through a normal process with title insurance. Probate lists, which must be pulled manually from city or county offices, are especially valuable precisely because automated systems can't easily access them — layers of friction that keep competition low. [2] — Henry Washington "The harder a list is to pull, the less competition you'll face. Henry Washington walks through why probate lists pulled directly from the c…" 13:00 Chad adds eviction records and code violation lists to the mix, recalling his early career habit of sitting in courthouses with a laptop, manually logging paper files. The chapter closes with a rallying cry: those rubbing their hands together during bad markets are the 50- and 60-year veterans who know this is when fortunes are made.
Henry Washington purchased two pre-foreclosure properties within approximately the last six months using a pulled list rather than attending auctions.
The harder a list is to pull, the less competition you'll face. Henry Washington walks through why probate lists pulled directly from the courthouse — past the reluctant clerk — are a goldmine precisely because they can't be automated away.
Chad Carson has been investing in real estate for 23 years and knows investors with 50–60 years of experience who thrive in every market cycle.
