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Updated over 9 years ago on . Most recent reply

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15
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Jules Dominguez
  • Los Angeles, CA
0
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15
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Raising Funds for Probate Auction

Jules Dominguez
  • Los Angeles, CA
Posted

Hey guys,

I found a great property in a great location that I've decided to pursue buying. The auction is this Sunday, August 16. The auction requires a 10% deposit required on the day of the auction. I have financing for the cost of the home and rehab but require the 10% liquidity on auction day as the financing for the home would come in one large payment with a winning bid. Essentially, I'm trying to raise the 10% deposit about 75K on a short term basis around 5 to 6 weeks while the home is rehabbed. Any funding would obviously only be utilized with a winning bid. Any thoughts on how I could raise the funds or can think of anyone that would be interested? 

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