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Updated over 2 years ago on . Most recent reply

How do I secure funding before buying a foreclosure at auction?
To buy a foreclosure at auction I need to have the full amount of cash within 24 hours of getting the house at auction (that’s after paying $20k at the auction). I’ll go to auctions with specific houses in mind that I’ve scouted beforehand, but I‘m confused on how I can secure the funds with a private money lender before I even know the purchase price of the house or even which of my pre-chosen houses I’ll get or WHEN I will even be successful at auction.
Most Popular Reply

Get hard money on board well before you hit the auction, tell them which properties you are bidding on and how much cash to prep.