All Forum Posts by: Brandon Lundy

Please send me any pictures you have for this property. [email protected]

Thanks for sharing this good information Jody!

Lots of good ideas in this thread!@Jody Schnurrenberger

Looks like a great house.. In your analysis I see a O&M expense listed, but I don't see capital expenses (roof,A/C, etc.)  listed. Is this taken into account somewhere in your analysis?

I would be interested in AL Properties [email protected]

Thanks Amy.. My email address is [email protected]. 

@Amy Edinger Will you add me to you buyer's list? I'm interested in any Alabama properties.

Thanks!

Brandon 

FYI, I called auction.com and received a detailed explanation of their cash only policy. Basically, auction.com's policy is that if you are the winning bidder proof of cash must be given during the 24 hrs after the auction closes.

Thanks everyone for your responses. I was afraid that HML would not be considered cash as @Shannon K. mentioned. And I do think it's rather dumb as you mentioned @Ned Carey..

Thanks Again...

Brandon Lundy

I recently found a property that is up for auction and listed as "cash only" on Auction.com. The house is a solid house that has been foreclosed on and will likely sell for 80-120k (auction starting at 40k).

Here are my questions:

1.  I have 20k in cash so I do not have enough for this investment. What are my financing options to get cash for this investment? 

2.  Will hard money lenders lend money on a cash-only auction? 

3. Any other general suggestions or advice would be appreciated.

Thanks,

Brandon