Buying Home from Auctions?

[Josh H.]

Hello,

My wife and I have completed about 30 flips, 25 or so have been from the MLS and the other few have been off-market deals presented to us by wholesalers. We were recently networking and someone told us about buying homes from auctions. It sounds intriguing and like it could be a another good source from homes since the MLS has been pretty dry lately/hard to make houses pencil out for flips.

Is buying from auctions a good idea? Could the prices be lower than the MLS? And is there anything that we should be mindful or know about the dangers of when it comes to buying from Auctions?

Thanks,

Josh