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Updated over 7 years ago on . Most recent reply
Auction Rules Give Me Blues
I recently was looking at properties going up for Auction and came across a duplex up for auction at 10k, with tennants already there.
Then underneath the listing it said "No conventional loans."
Are there any other rules you have to follow when trying to buy an auction property? Or was this just a one time thing?
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
there are many kinds of auctions but most will state the funding rules.. and if one of them is cash only then thats what it is.. plus here are NO lenders that do 10k and under loans.. :) other than you mom and dad
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners