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Updated about 8 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Aaron Boatman
  • Investor
  • Coeur d'Alene, ID
2
Votes |
8
Posts

How do I secure lending for an Idaho auction sale?

Aaron Boatman
  • Investor
  • Coeur d'Alene, ID
Posted

So i've worked myself in to a bit of a hole.  Or maybe not?  

Decided to take a year off and take on the role of daddy daycare. I left my W-2 employment behind and didn't secure a LOC or Cash Equity Refi in my properties before I left. I "was" set that I wouldn't mess around with real estate for a year. Then I came across an area where I'd like to purchase and found an auction home for sale. Looking for ways to come up with cash fast. Looking for approximately 80K, I return to work in Mid May and so within 2-3 months refi, LOC should be no issue.

Advice?

Most Popular Reply

User Stats

1,636
Posts
736
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Jonna Weber
  • Investor
  • Boise, ID
736
Votes |
1,636
Posts
Jonna Weber
  • Investor
  • Boise, ID
ModeratorReplied

Hi @Aaron Boatman- Have you looked at hard money or private lenders?  They will lend on the property.  You may just want to bring in a partner too.  

  • Jonna Weber
  • 208-608-4884
  • Podcast Guest on Show #80
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