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All Forum Posts by: Brennon Manske

Brennon Manske has started 9 posts and replied 25 times.

Post: Bid At Auction Before the Funds are in Place...?

Brennon ManskePosted
  • Flipper/Rehabber
  • Abilene, Tx
  • Posts 25
  • Votes 2

@Andy B. Thank you! I'm amazed by how much helpful advice is offered by the network on this website when I almost just got suckered into paying a "guru" company $20,00 for their help. Really awesome stuff. Thanks again

Post: Bid At Auction Before the Funds are in Place...?

Brennon ManskePosted
  • Flipper/Rehabber
  • Abilene, Tx
  • Posts 25
  • Votes 2

Perfect. Thanks again for the help....what a great site

Post: Bid At Auction Before the Funds are in Place...?

Brennon ManskePosted
  • Flipper/Rehabber
  • Abilene, Tx
  • Posts 25
  • Votes 2

*Thank you very much for the feedback

Post: Bid At Auction Before the Funds are in Place...?

Brennon ManskePosted
  • Flipper/Rehabber
  • Abilene, Tx
  • Posts 25
  • Votes 2

it's a foreclosure. I would need $2500 to place the bid which wouldn't be a problem and I think I have budgeted for worst case scenario for the bid ...but I guess maybe it was wishful thinking on the rest.

I'll just have to get everything in order and catch the next good one.

I wonder...will a private lender accept collateral as the 20%?

Post: Bid At Auction Before the Funds are in Place...?

Brennon ManskePosted
  • Flipper/Rehabber
  • Abilene, Tx
  • Posts 25
  • Votes 2

I have my eye on a property up for auction in a few days. My question is: How likely is it that I can get the money in order after I win the bid from "hard money, or private lender" with no money down? I have had 3 rentals in the past that I had the luxury of paying cash for but am not positive on the typical requirements for a private lender. I'm thinking that I can get this property at 1/3 of market value. I have great credit, not a lot of income, my wife is in the apartment construction business and has all contacts for rehab and finding tenants ect without any problem. Can it be done? Is it realistic?