How to buy US Government Real Estate

On today’s show we are talking about how to buy surplus real estate from the US government. The US General Services Administration is the US Government’s landlord. They own, operate and sell the real estate assets of the US Federal Government. After what seems like a false start, the GSA had listed a number of properties for sale in recent days. Then the number of properties was cut back and then removed them almost entirely. The GSA removed from its website about 440 federal buildings representing nearly 80 million square feet of space that only hours earlier it had listed for sale.
There is no question that the US government is going to be getting rid of a lot of property in the coming weeks and months. We got a preview of some of those properties, but can’t really speculate which ones will be re-offered for sale.
Properties listed for sale on the GSA website are generally managed as an online auction. I'm going to focus on one property as an example for how the US government sells its properties.