Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Teppei Kuwamoto
0
Votes |
1
Posts

How to acquire cash for Sheriff Sale

Teppei Kuwamoto
Posted

Hello,

I have a general question regarding how to acquire cash for Sheriff Sale without paying out-of-pocket money.

NOTE: 10% on the auction day and the rest will be needed to be paid full within 10 days in Wisconsin State.

1. If possible, I'd like to not pay any out-of-pocket money for Sheriff Sale. Is there any way to do this? According to my research, Hard Money Lender still charges you ~25% down payment to acquire cash. I was thinking using my home equity for the down payment. I have about ~$300K from a primary residential home equity. Do I use HELOC for the Hard Money down payment? Does HELOC require down payment? Am I understanding wrong here?

2. What is a general step-by-step process acquiring 10% cash and the rest of 90% without out-of-pocket money

I appreciate your support!

Thank you!

Loading replies...