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Investment Property Guide

From determining your home's value to closing day, learn more about the home selling process.

How to Safely Buy Bank‑Owned & Auction Properties — And Why Looping Us In Early Protects Your Profit

Buying an investment property through a county auction or bank‑owned sale can be one of the smartest ways to build wealth in Northern Colorado — but it’s also one of the easiest ways to lose money if you go in alone. These properties rarely hit the open market, which means you don’t get inspection windows, seller disclosures, or the protections you’re used to in a traditional transaction.

That’s where we come in.

As lifelong Northern Colorado locals and full‑time real estate professionals, we’ve helped investors flip distressed properties for years. We’ve built a proven system that protects your budget, your timeline, and your expected profit from the very beginning.

Step 1 — We Get You Connected With Auction.com

Auction.com is the best place to see:

Which properties are going up for auction

Estimated bid ranges

Opening bids

Auction timelines

Occupancy status

Exterior photos and basic details

We help you create your search, refine your filters, and understand which listings are actually worth your time. This is the first step in making sure you’re not walking into an auction blind.

Step 2 — You Send Us Screenshots, and We Use Our Local Knowledge to Evaluate the Property’s True Potential

When you find a property on Auction.com that looks interesting, send us a screenshot. This is where our local expertise becomes one of your biggest advantages.

Northern Colorado — especially Greeley — is a mix of very old homes and very new construction. Some neighborhoods have homes over 100 years old, while others were built in the last 10–20 years. The age of a neighborhood dramatically affects:

Repair budgets

Resale strategy

Likelihood of hidden issues

Expected profit margin

Because both of us were born and raised here, we know:

Which neighborhoods have century‑old homes

Which areas were built in the 50s–70s and often have aging systems

Which subdivisions are newer and more predictable

Which pockets of town tend to have deferred maintenance

Which areas historically produce stronger resale numbers for flips

Older homes often come with:

Outdated electrical

Old plumbing

Settling foundations

Original windows

Aging roofs

Historic quirks that require specialized trades

Higher likelihood of mold, leaks, or structural surprises

Newer homes may only need cosmetic updates — which means lower repair costs and faster turnaround.

When you send us a screenshot, we combine:

A preliminary CMA (recent sales, outstanding balance, realistic resale value)

Neighborhood age and history

Local investor experience

Age‑based risk assessment

This gives you a clear picture of whether the property is:

A smart buy

A risky buy

A buy that needs a bigger repair budget

A buy that could produce strong returns

A buy that should be avoided entirely

This early evaluation is something you simply cannot get from Auction.com alone — and it’s one of the biggest reasons our investors stay profitable.

 

Step 3 — We Evaluate Exterior Condition (Your First Big Clue)

If the outside looks rough, the inside is almost always worse.

We look for:

Peeling paint

Damaged siding

Overgrown landscaping

Trash or debris

Broken windows

Neglected roofs

Signs of water intrusion

These exterior clues help us estimate whether the interior is likely to need:

Full paint

Flooring replacement

Wall patching

Mold mitigation

Plumbing or electrical updates

Trash‑out services

Hazard remediation (including meth contamination)

This early evaluation helps you avoid properties that will blow your budget before you even start.

Step 4 — If Access Is Possible, We Walk the Property With You

Access is rare — but when it happens, we’re there.

We walk the exterior (and interior if allowed) with:

You

Our preferred contractors

Our trusted handy help

Anyone who can give you real numbers on repairs

This gives you a preliminary bid on what the property will cost to flip — before you ever place a bid at auction.

Step 5 — We Coordinate Everything for You

Over the years, we’ve become pros at:

Connecting investors with reliable contractors

Coordinating bids

Scheduling walk‑throughs

Checking on progress

Making sure repairs are done correctly

Providing updates throughout the flip

Helping you prepare the home for market

Ensuring you meet all requirements for a smooth sale

Doing this alone is extremely hard. Doing it with us is streamlined, predictable, and profitable.

Step X — We Stay With You Through the Entire Flip

Once you win the auction, we don’t disappear.

We:

Check on the property regularly

Make sure contractors are doing the work correctly

Help you prioritize repairs based on ROI

Keep you updated on progress

Prepare the home for listing

Run updated CMAs as repairs finish

Help you price the home strategically

Get it on the market and sold

Our investors love this because they never feel like they’re guessing — they feel like they’re guided.

The Sherman Team

Want us to help you build your investment strategy? Reach out and let’s start running numbers together.

Learn More