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Updated almost 9 years ago,
Cash Only Auction Financing Options
I recently found a property that is up for auction and listed as "cash only" on Auction.com. The house is a solid house that has been foreclosed on and will likely sell for 80-120k (auction starting at 40k).
Here are my questions:
1. I have 20k in cash so I do not have enough for this investment. What are my financing options to get cash for this investment?
2. Will hard money lenders lend money on a cash-only auction?
3. Any other general suggestions or advice would be appreciated.
Thanks,
Brandon