Auctions

[Ray Agosto]

Does anybody i mean ANYBODY know if there is any way in the world that i can get PML or something for a auctioned house or a way to buy a auctioned house without any of my money ?

[Martin Kruger]

@Ray Agosto every auction is different.  The terms of the auction should be available for review.  I would suggest you attend the auction you are interested in.  Meet the players, introduce yourself, get to know them, ask for cards, take them out to lunch.  They can tell you more about the auction and anyone on the BP site can as they have direct knowledge.  As far as PMLs go there are plenty of PMLs out there but have you met one?   Have you introduced yourself to one?  Do you have a portfolio?  What is your track record? Who is on you team?  Who is apart of your network? Most PMLs are not gonna give money to some geek of the street.  If you are in the game doing deals that is how you are going to attract a PML.  Doing good business and treating people right will get your name out there. Attract is the right word as you want to court them.  You want them to want to do business with YOU!  Once you have attracted one you would typically have a business plan and agreement already set with the PML before going to and auction.  On a potential property you would run the numbers, if the numbers looked good you would provide the numbers to the PML. and if the PML liked what they saw they would give you the green light to purchase the house at auction with there money and you would have your house without any of your money.  Of course you would be paying the PML monthly interest or splitting the profits but that is apart of using someone else's money...