Using private money or hard money at auctions
Hi Community,
If I wanted to buy a tax deed property, could I get hard or private money for that?
The way the county does it is I have to pay 10% cash up front, then I have 3 days to pay the rest of the money.
1. Is 3 days enough time to get a hard money or private money loan?
2. What’s the best place to find a lender for this type of purchase?
3. If the lender spotted me 50k, and I did all the rehab work, does a 50% profit split seem reasonable?
Thank you...
Ben