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Updated over 10 years ago on . Most recent reply

User Stats

27
Posts
5
Votes
Jared May
  • Fort Worth, TX
5
Votes |
27
Posts

Buying an auction(IRS in this case) and need to get long term financing

Jared May
  • Fort Worth, TX
Posted

I'm wanting to purchase an IRS auction as stated  above. I would like to hold and rent the property.  I have the 10% required to be able to bid, but I have thirty days after that to pay in full. It would be advantageous to obtain a traditional mortgage, but I'm not sure if this will be feasible. I have looked at bridge loans and considered private/hard money and I wanted to get a feel for what to do from people who have done this before. Thanks in advance. 

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