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All Forum Posts by: Jeremy England

Jeremy England has started 20 posts and replied 261 times.

Private Lending & Conventional Mortgage Advice

Post: Hard money for auction?

Jeremy EnglandPosted
  • Contractor
  • Pensacola, FL
  • Posts 264
  • Votes 139

So I read alot about real estate investing. I was a builder about 10 years ago and did 1 flip that was a REO property and it turned out great. I financed that project with a buisness line of credit. Since then I left the business due to taking a job out of state.

I peruse the auction listings in my county and see they require the property to be paid in full by the end of the business day if you are the winning bidder.  How does a hard money loan come into play with this?  Do you target a property, research it and what not and propose the deal to the lender before you bid?  Will they fund you in one business day?  

Thanks

0 Votes