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Updated about 3 years ago, 10/10/2021

User Stats

114
Posts
33
Votes
Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
33
Votes |
114
Posts

Buying auctioned foreclosures

Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
Posted

Hello BP,

I'm currently preparing for my first BRRRR deal in the Duluth, MN area, and I'm curious about a couple things. Forgive my naivety, as I'm just a beginner.

Anyways, I am considering pursuing a foreclosure (possibly auctioned). I read on my county website there is typically a contingency period on foreclosures, at least when using a regular bank. First, Is it typical to get a contingency with hard money? Second, Is it typical to get contingencies on auctioned properties?

Thanks guys

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