Auctions and hard money lenders

[Shane Smith]

Im interested in bidding at an upcoming auction and curious about the steps after winning (hopefully) the auction. I understand the amount i need to pay as soon as i win as well as the method, but what happens next? In my limited research of podcasts and youtube videos i know that i need to secure a hard money lender for the remaining balance that i will owe. If im purchasing this property by myself do i need an LLC (certain hard money lenders mentioned this as a requirement?). It's something that i want but with the time limit i dont have time to draft one before this auction; would that be a problem with the hard money lender? I understand each institution has different requirements but does anyone have any personal experience with auctions and hard money lenders. Any info is extremely helpful.