New To REI and Interested in Auctions

[Sharisse Jackson]

Hello BP Community, 

This is my first post since I joined last week and I am extremely excited to get started in RE. I have been looking to invest in Baltimore as there is a lot of opportunity in the area. I plan on using the Buy & Hold Strategy with MTR or house hacking - whichever deal makes the most sense and presents itself first. I see a lot of homes up for auction in the area that are very appealing but I know that auctions tend to have a lot of restrictions. I have read that most auctions take cash but some do accept lending, though I'm not quite sure how that works. I was curious if anyone on here has purchased a house at auction and what the experience was like?