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Updated almost 16 years ago on . Most recent reply
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First Investment --Student, Part 2
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