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Updated about 5 years ago on . Most recent reply

Jimmy Mozingo's profile image
Jimmy Mozingo's profile image
Jimmy Mozingo
  • Investor
  • from Eastern Shore of Virginia
  • Member since May 23, 2020
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Jimmy Mozingo's profile image
Jimmy Mozingo's profile image
Jimmy Mozingo
  • Investor
  • from Eastern Shore of Virginia
  • Member since May 23, 2020
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Jimmy Mozingo
  • Investor
  • Eastern Shore of Virginia
7
Votes |
34
Posts
Foreclosures

Borrowing money to fund auction properties

Jimmy Mozingo
  • Investor
  • Eastern Shore of Virginia
Posted

I am looking at properties going up for auction. I want to get in on this as I think this may be a great way to get below market properties to either BRRRR or fix and flip. The auction house wants money in an escrow account before they will allow bids. As a new investor I don't have the 190-200k needed to fund an escrow account. Any advice on strategies or creative ways to raise funds using OPM. Or am I out of my element here?

  • Jimmy Mozingo
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