Auctions

3 Replies

I have a decent amount of cash, but probably not enough to purchase, rehab and carrry.  Are there any funding partners or lenders that work with Auction purchases?  Just curious, I'm not sure how that would work.

I cannot speak for everyone however finding a lender who is willing to attend the auction with you will prove to be difficult. One way to be able to purchase at auction is if you have the cash for the initial purchase then turn around and take a loan out with private money on the property. If that isn't an option then marketing directly for deals that you have time to line up financing for is a great way to get deals.