Courthouse Auction& BRRR w Hard Money

[Garreton Smith]

Hey Bigger Pocket Family, 

So I have a question I'm looking to buy a property through the Court House auction in my neighborhood. Now I have enough cash to put down the deposit to secure the winning bid. But I don't have enough capital to finish the transaction. Is it smart to get a hard money loan for the balance and BRRR it or fix and flip? I have this huge fear of not getting the hard money loan and losing my deposit. Has anyone been successful with this strategy? Also, any creative ways to get your deposit back from the court if you don't close on the property? Obviously I know the numbers have to make sense. Any and all input is welcomed.

Thanks, 

G. Smith