Real Estate Coach · Hampstead, NC · Member since 2016 · 93 posts · 39 votes
Hello - relatively new investor and I'm very interested in purchasing homes in the Hamilton County, Indiana area at the local Sheriff Sales. However, you have to bring certified funds to the auction - so how can you accomplish this? I couldn't believe that a hard money lender is going to just give you the funds without reassurance of you actually being able to buy the property, but maybe I'm missing something.
Contractor · Greenwood, IN · Member since 2014 · 200 posts · 33 votes
10y
I think the best way to do this is heloc or refinance something you already have. I would agree hard money would need a lot of reassurance, especially if your new or don't have relationship. Or team up with someone who has the money and wants to do the same thing. Recognizing that you need to bring something to table if another person is bringing the money. Good luck. Don't give up, there might be a better idea than these.