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 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
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 almost 16 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Brad Stafford
  • Real Estate Investor
  • Ohio
1
Votes |
14
Posts

First Investment --Student, Part 2

Brad Stafford
  • Real Estate Investor
  • Ohio
Posted

Hey everyone, Brad again, this is kind of a part two of my last topic.

but here is the situation, I am currently about to enter school for my bachelors. Currently I live an hour from school and I would love to not have to commute or pay 6000 a year for a dorm. There is currently a house for sale in Dayton that is up for auction, I would love to own this investment. Currently the bid is for 5300, and I know it is going to go for around 12-13,000. Hopefully.

I currently have about 5000 even saved, but unfortunately in the auction description it states "This is a CASH AUCTION. When submitting your bid, you must have funds on hand to complete the purchase. This is a speedy closing, and there is no time to arrange bank financing. " What options do I have to go about getting the rest of the funds, that wont hurt my options for getting financially set for school?

Here is a link to the original post in which I took advice the first time.
http://www.biggerpockets.com/forums/12-starting-out/topics/28097

Loading replies...