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Updated over 10 years ago,
Buying an auction(IRS in this case) and need to get long term financing
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.