Funding Ability for Auction Purchase?

[Kelli Nelson]

Hi. I'm new to the forum and hoping that I can get some advice. I found a house up for auction that I can purchase and rent out if I win. I plan on keeping the house in my portfolio and not flipping. The house needs only a paint job and ready for move-in. I currently have only one other rental house in my portfolio that was purchased the traditional way through a bank. Here's my question: Would it be possible for a hard money lender to approve me the full purchase amount of the house to buy at auction? The purchase may be around $110,000, but the value of the home is estimated at $140,000. I don't have any funds to contribute the the down payment of this new opportunity. I don't have any access to private lenders nor do I want to partner with anyone, so I'm solely depending on a hard lender. Do you think this would be possible? Any advice or suggestions would be appreciated.