Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Funding an Auction foreclosure (looking to wholesale)
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