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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

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