Looking for my first investment property in Rochester.

[Joseph W Deleguardia]

Hey there everyone!

I’m a newbie here to the bigger pockets forums, so excuse me if this isn’t the correct category. I’m looking to purchase my first investment property and am searching for multi-family homes. I’m from Rochester, New York and am considering going to our local foreclosure auctions and picking up a fixer upper.

My problem is that these type of deals are usually cash sales, so it’s not like I can go to the bank and get a mortgage. I do have a decent amount of savings but would like to leverage a deal as much as possible.

What is a good way for someone just starting out to get some funds for these type of deals? Any suggestions on private lenders that specialize in real estate investors? Should I take out a personal loan from the bank prior to going to the auction? Let me know what you guys think.