Buying from Auctions

[Harjot Gill]

I was wondering what everybody's thoughts are about buying real estate (SFH) from auctions.

Does anyone have any experience with buying from auctions? How did it work out? 

Any problems with tenant evictions, especially in California?

[Yinan Q.]

I am not sure about California but in my neck of woods in Seattle, there are some companies whose main business is to help investors bid on foreclosure auctions. 

They gather the list of properties, drive them, take photos, do a preliminary title search, estimate how much rehab is needed, and represent you on the auction. Of course they charge a fee for doing all this. It's about 3% here.
If you are not familiar with the auction procedure or if you don't have time to do all the homework, it's not a bad idea to work with these professionals. You may want to talk to other investors in your area to find out which one is the best for you.