Hello, I am a rookie real estate investor and I have been digging into foreclosures and auction properties. I have attended a couple of webinar where they talked about it, but I still feel like I have A LOT to learn, thus I feel uneasy and hesitant to pull the trigger. Anyone with experience that can shed some more light as to what I should be looking out for. I am currently preparing for a bid that will come up in abut 2 weeks. I will highly appreciate anything you guys can contribute.

Thank you so much!

Honestly if its your first investment I would stay away from foreclosures.   There is usually surprises that you don't account for with these kind of deals.   I would get your training wheels on something you have plenty time to inspect, get bids and really sharpen your pencil.

Originally posted by @Rodolfo Gomez :

Hello, I am a rookie real estate investor and I have been digging into foreclosures and auction properties. I have attended a couple of webinar where they talked about it, but I still feel like I have A LOT to learn, thus I feel uneasy and hesitant to pull the trigger.  Anyone with experience that can shed some more light as to what I should be looking out for. I am currently preparing for a bid that will come up in abut 2 weeks. I will highly appreciate anything you guys can contribute. 

Thank you so much!

If you do some searching on here, you'll find thousands of posts on buying from auction. There's also a book written for sale here on BP on how to buy at foreclosure auction.