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Updated about 14 years ago on . Most recent reply

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Dan Krause
  • Michigan
12
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289
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No money down real estate at auction?

Dan Krause
  • Michigan
Posted

Can it be done? If so what method would you use without front money? Hard money perhaps? Any ideas? :D

Most Popular Reply

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Craig,

The OP had stated this: "without front money".

At auction hammer down, the buyer will have to submit some funds, so "front money" is needed. It could be fronted by a source such as you are suggesting, but the buyer better show up to the auction knowing that money is going to be there for their use.

It's only feasible to buy at auction if the funding is pre-arranged.

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