Raising Capital for a Probate Auction for a Great Property

[Jules Dominguez]

Hey guys,

I'm sure people ask this question all the time but I recently found out about a probate auction in the Los Angeles area on a really great property! This property is a really good find in a great area and I really want to be able to purchase it. At this time I'm not sure I have enough capital to be competitive. Any ideas on how I can raise enough capital in about one month to try to buy it? I would need capital to acquire the property and fix it up. I'm thinking somewhere around $500K. It needs some work but it's a good size in a great location. Again, this property is a find and I really don't want to pass it up. I I really believe I can turn this into something great. Any help is appreciated.

[Account Closed]

One route you can go is to find a real estate developer or builder who can do a joint venture project with you and split the profits when you flip it.

OR

The more creative option is to acquire a short term private money loan in order for you to acquire the property and then pay it back within a 2-5 year span. In this case, you would preferably have a portion of your own money to put into the project. I am a Californian as well so let me know if you want me to put you in touch with some private money guys who might be able to help.

Wish you the best of luck!

-Pete