I have not used him but the referral came from a trusted source.

Hi All,Just getting my feet wet in the foreclosure Auction business and had a question.  I have done a trial membership on property radar and found it to be helpful, but I was wondering how reliable people think their...

It puts it into perspective when I get to that level someday :)To clarify, I would like more passive income VS short term income sources, aka flips or smaller short holds. 

That is a slow route but if done correctly you don't need your own additional cash for every deal.Two other possible funding sources are a business line of credit (once you've built your business and develop a relationship with a lender), or find a private lender to provide acquisition funds.In sum, I don't see a method of obtaining a conventional mortgage on investment properties in need of rehab.There's a networking group meeting tonight so maybe someone there knows the solution....Best of luck. 

So now that I've called BS, can you provide a link to a reliable source to support that claim?

Even if you find a HML who will lend 70% of ARV and you have a deal where the rehab budget plus purchase prices is also 70% of ARV you would still need about 15% of ARV in cash from another source to do the deal.  

Is there another source of financing that is doable for a beginner?  

The podcasts, blogs and forum are great sources of information.Another less "know" source is individuals personal website located in their signature.

This is a great source.

#1) Getting my feet wet...I was fortunate enough to find BiggerPockets about a year ago, and it has opened my eyes tremendously in that short time.In fact, it’s a constant source of sadness that I didn’t have this resource ten years ago.