Guidance going to the Next Level - Private or Hard, Auction.com

[Robert Campbell]

Hello,

I have been investing in the Belleville IL area for about 4 years and have had reasonable success.  I have accumulated 6 rental properties which are generating income, and done about 8 flips that sell in the 75 - 115k area, all cash.

I have my sights on a larger property on Auction.com I think will go for around 120k, would cost max 80k to rehab, and would sell for 300k - This is a bit too large for my 100k cash + 6k rental income business.  Point is, I am trying to understand what type of financing to use - hard money? private money? and which source to use, I filled out a connected investors form and I get phone calls, the terms dont sound very good and its unclear how that would be lined up such that I could pay "cash" at an Auction.com closing.

I wish I had a mentor to guide me on transitioning into using financing so that I don't get a bad deal, but Ill settle for any BP advice folks can give.  Thanks in advance!

Rob Campbell