About to have 300k and thinking auctions. Thoughts?

[Jacob Pereira]

Hello all,

It looks like my next sale will net me somewhere around 280-300k, which is more money than I've ever had in cash in my life. Now I get the pleasant task of deciding how to reinvest and I'm considering foreclosure auctions at the courthouse steps. I'd like to get some advice as to how to prepare; my current plan is to show up the first time just to observe and ask people there for advice, but I'd like to at least research a few properties and do a dry run. Can anyone walk me through the steps they take? It's in Austin TX if that helps.

Thanks