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
Private Lending & Conventional Mortgage Advice
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 9 months ago on . Most recent reply

User Stats

79
Posts
42
Votes
Joehn B.
  • Investor
  • Houston
42
Votes |
79
Posts

Hardmoney loan cross-collaterilized?

Joehn B.
  • Investor
  • Houston
Posted

Hi,

I have rehab cash+, and tons of equity, and want to buy a known un-redeemable property at Tax deed sale for a flip. 

Is there a lender that will loan just the purchase price, collateralized on one of my properties (2nd position, well under 70% LTV) so I can bid on it?

It would be about a 12 month hold.  170-180k

I am assuming nobody does this, but thought I'd put it out there. Also looking to JV with other local investors, but again need the funds on hand at the auction.

Suggestions?  Thanks!

Loading replies...