Real Estate Auctions in Ohio

[Dezra Robitson]

I live in Columbus and I stumbled upon a nice house that had an auction sign in the yard for next month. Since I do not have a lot of experience or money I figured this might be the best way to jump into real estate. I recently asked someone who is a real estate investor what is his ideas on buying through auctions and he says that it preys on inexperienced investors and they tend to overpay and they also require cash purchases. Is there any other advice I should take heed to as to why I should not buy through this auction. Because I'm not sure what my next move should be for buying this property that has the potential to cash flow well for me.