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Updated almost 11 years ago,

User Stats

9
Posts
5
Votes
Andy Futterer
  • Real Estate Investor
  • Brooklyn, NY
5
Votes |
9
Posts

Purchasing properties on Auction.com

Andy Futterer
  • Real Estate Investor
  • Brooklyn, NY
Posted

Rookie question here...

I am looking for buy and hold properties. I understand that financing should be in place prior to bidding on properties but what about the insanely cheap properties that you cant get conventional loans for?

Is it possible to win an auction, pay your earnest money, find a hard money lender for money to purchase the property and then refinance with the bank?

Any and all advice is appreciated.

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