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Updated almost 9 years ago,

User Stats

11
Posts
7
Votes
Brandon Lundy
  • Birmingham, AL
7
Votes |
11
Posts

Cash Only Auction Financing Options

Brandon Lundy
  • Birmingham, AL
Posted

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

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