Updated almost 3 years ago on .
Need Pre-foreclosure Financing
Hi there,
My team has identified a SFH for auction. We are well versed in the specific market and have existing investment there.
We are a bit cash strapped for a home in great condition that is being auctioned. Starting bid is at $61,000 and the ARV is $277,000.
From the looks of it, the home is in great condition. And may only require $30k-$40k of rehab.
We have a 90/10 DSCR loan available to us but they won't front the costs for purchase of an auction home. Any leads or any lenders have solution, we're all ears.