This  is the last article on the 'How To' of buying at property auctions. In the next edition I will be looking at the real world of auctions, looking at real lots, doing due diligence, looking at the potential of a real property, calculating real maximum bids from online data and how to read the real auction results.

Last month's article was about having 'National' Members of your team, this month it is all about your 'Local' Members, the last piece in the jigsaw, before you start buying.

To remind you, all property Investors need to develop a strong reliable team of people, commonly called a Power Team, to help achieve their aims and objectives. These are split into two categories, National, (accountants, solicitors), who can be located anywhere in the UK and Local who need to be based close to the property and have a lot of knowledge about the neighbourhood/ location/area around the property, principally for speed of access (letting agents/maintenance/viewing property) and local knowledge (sourcing/estate agents/ auctioneers/surveyors).

I have listed the Local Power Team in their 'probable use' order and so we start with: