is it a good idea to purchase a rental at auction southern CA?

[Derrell Barton]

ok so do you guys think it's a good idea to buy rentals at auction? Seems like those are the best deals in southern California. Also, how would I finance them? Thanks guys :)

[Kevin Phu]

I personally would stay away from auctions until I had a lot more experience in REI. Purchasing a property at auction sight unseen can be very risky. There could be heavy liens attached to the property. Also, the property could be very distressed and require a lot of rehab. If you don't have the experience/knowledge in rehab costs and everything that goes along with it, you could very easily end up being in way over your head.