found a house!! Need Investor help or advice??

[Melody Everett-Neddo]

I found a house that I want to buy as our new primary residence.  It is up for auction and I do not have the cash that it will require.  Please help......How can I get an investor to go in with me at a REASONABLE interest rate (this will be my first time using an investor) so that I can make this purchase a reality.  We plan to sell our current home after we move (provided we get it, that is) which will allow us to then get a mortgage on the "purchased with cash auction home" thereby allowing us to repay the investor (could be a year or more however??)  Once I do that, then I should have enough money to buy a 2nd property to start getting the passive income coming in.  My husband and I have blue collar jobs and a fairly good, some might even say, a rather great, income.   We are in northern Michigan.  I very much appreciate any help you might give a newbie like myself.  Thanks!!

[Jeff Rabinowitz]

It is not very likely you will be able to find a hard money lender who would consider lending on a home that you will be using as your personal residence. Dodd-Frank has convinced most private (non-bank) lenders to cease this practice.