Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

Lending help for buying at Auction
Hello all,
I'm interested in buying from a county courthouse auction and I'm trying to plan ahead with financing.
Is using private money a good strategy for acquiring a property at auction?
Are there Hard money options or strategies to consider?
I'm probably looking at a small rehab project.
I have a 125k house that zillow says is 150k so maybe I could a HELOC for a small amount.
Any help or thoughts are greatly appreciated!
Most Popular Reply
@Jonathan Johnson not sure how it works in your state but in Illinois you are required to bring a certified check to put down at least 25% of the property up front so hard money and other financing here typically is not preferred