Buying from auction.com for Los Angeles county

[Monica C.]

Hello! I'm a new investor in the LA county area --I have been looking at some properties on auction.com and was wondering if anyone has had any experiences with the site/buying foreclosures in LA and any related advice...thank you! 

Also would love to connect with others in the area! Specifically, I'm looking for a fixer duplex/triplex to owner occupy one unit and rent out the rest to start out with, something around East LA, USC, or midcity (not rent controlled), under $700k. I'm also open to working together with a partner and definitely would appreciate a mentor or recommendations for an agent, inspector, etc. 

Thanks!

[Brian Ploszay]

foreclosures on the auction sites seem like bargains, but you can't win until you meet a "reserve."