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Updated almost 2 years ago,

User Stats

64
Posts
16
Votes
Vijay G.
  • Rental Property Investor
  • Portsmouth, NH
16
Votes |
64
Posts

Loaning Money for Auction property

Vijay G.
  • Rental Property Investor
  • Portsmouth, NH
Posted

Hello, 

I just won the bid on auction property. My bid price was 120-130k less than the market price. I am planning to acquire the property and clean it up and put it on the market. it may take 3-6 months.  I need to close the deal within 60 days with auction bank. 

Any ideas on how to get loan to close this deal. would you guys recommend private money lending or any other options to finance auction properties. please advise

Thanks 

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