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Updated about 6 years ago,

User Stats

162
Posts
237
Votes
Caleb Rigby
  • Investor
  • Layton, UT
237
Votes |
162
Posts

Funding an Auction foreclosure (looking to wholesale)

Caleb Rigby
  • Investor
  • Layton, UT
Posted

I have a purchase agreement for a house in Hooper, Utah (Weber County). I have 2 days to move forward or pass on it. Here are a few of the details of the foreclosed property:

Purchase Price: $266K

ARV: $370-380K

Year built: 2007

Sq Footage: 3900

Estimated repairs: No idea

I won't have interior access because it is still occupied by the previous owner and I would need a hard money loan to complete this purchase. 

Are there lenders that will loan to me even though I won't have interior access (and therefore pictures)? I am planning on wholesaling this house as soon as I close, but I'm not sure if hard money lenders would loan on this if I won't be rehabbing it. 

Tagging a couple experts that hopefully can help. @Jeff Rappaport@William Hochstedler@Cody Backus@Jacob Cogswell

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