Posted by Tim on May 12, 1999 at 11:50:55:
Every auction I have ever heard of (tax, mortgage etc.) require cash payment within days and sometimes hours of your accepted bid. As such, I bet it is pretty hard to do a No Money Down deal at auction, as I understand them.
I too am new at REI. In fact, I don’t own even my first investment property (YET!!). A good start is to read the How To articles on this site. There are some on profiting on auctioned property. There are also a lot of good resources offered through this site as far as courses, books etc.