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Updated over 8 years ago on . Most recent reply

User Stats

3
Posts
3
Votes
Luke Anderson
  • Investor
  • Snyder, OK
3
Votes |
3
Posts

cash only on auction.com

Luke Anderson
  • Investor
  • Snyder, OK
Posted

Hi! My name is Luke.  I just joined bigger pockets and started listening to the podcasts.  I am thinking about bidding on a couple of houses on auction.com.  They are listed as cash only.  I know they will take $2500. off my credit card if I due happen to win the bid.  I think I would then have 30 days to come up with the rest of the cash??  If I can get my bank to finance the rest before those 30 days and give me a check to send them, will that be okay for a cash only auction??  I take cash only as meaning they won't due the financing, but I wouldn't think they would care if I got the cash from my bank?  Any insight will be much appreciated. 

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