No one knows where the real estate market is headed next... but with an estimated 30 million Americans out of work, wouldn't you like to know how to buy foreclosed properties, step-by-step?That's what you'll learn today, from two investors who have completed over 1,000 deals each: David Osborn and Aaron Amuchastegui. They begin the show by sharing their thoughts on today's economy (hint: they've kept plenty of cash cash on hand), then walk us through their 5-step process for successfully bidding on foreclosed properties at auction.From building a list of properties, to lining up funding, to checking title and actually making your bid, you'll learn how David and Aaron (+ thousands of other investors) built serious wealth buying up distressed properties after the last big crash. This skill set is another tool to add to your tool belt, and whether there's another wave of foreclosures coming or not, you can use it to build serious wealth.For more, pick up a copy of David and Aaron's new book, Bidding to Buy: A Step-by-Step Guide to Investing in Real Estate Foreclosures. And check out the show notes at biggerpockets.com/show396 for a transcript and other resources.In This Episode We Cover:The impact of COVID-19 on various assetsWhy David Osborn is keeping a heavy cash position How the foreclosure process works (notice, etc.)What a foreclosure auction (sometimes called a "trustee sale") isThe 5 Steps to buying at auctionWhy it's so important to drive by every property you plan to buyAaron's first auction experience as a newbieHow to deal with a lien on a propertyAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets PodcastKeller WilliamsBiggerPockets Podcast 353: Turning $5K Into $5K/Month and Retiring at 40 with Tim RhodeGoBundanceAuction.comRoddy's Foreclosure ListingAuction TexasBiggerPockets Analysis CalculatorsBiggerPockets Podcast 385: Once Homeless, Now Investing in an Expensive Market (With No Money of His Own) With Greg GaudetReal Estate Rockstar PodcastBiggerPockets Money PodcastReal Estate Rookie PodcastBiggerPockets BusinessBiggerPockets BookstoreCheck the full show notes here: https://www.biggerpockets.com/show396See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.