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How to Buy a House at an Auction Without Having Cash

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Get a hard money loan Hard money lenders are financial institutions that lend money to people with less than stellar credit or complicated finances in order to buy assets such as real estate. A hard money lender can often provide you with funds to complete a purchase in days instead of weeks or months.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

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Let’s take a look at the most common foreclosure sales and how they work. Short sale. A short sale isn’t necessarily a foreclosure sale, but it’s common to see a short sale done to avoid foreclosure. A seller will usually have to prove financial hardship for the lender to agree to the sale.

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Cheap Investment Properties: How to Find Them?

Marco Santarelli

Explore financing options: Research mortgages, hard money loans, and private lending options. Shop around for competitive interest rates and loan terms. Check Our Inventory of Turnkey Rental Properties For Sale 2.2. Secure Your Finances Determine your budget: Knowing your financial limitations is crucial.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

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Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Donate recommends a hard money loan as the top financing strategy for flippers. Find a Buyer's Agent What is house flipping?

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How to Find the Perfect Real Estate Mentor: A Guide for Agents

The Close

On the other hand, real estate investing mentors focus on developing ways to understand the current rental market, finding tools to locate properties, evaluating deals using various formulas, and understanding different financing methods, like securing hard money loans and private equity.

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

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If the auction does not allow for financing through a mortgage, you can consider a hard-money loan. This loan comes from a private investor or company that offers funds specifically for real estate. Securing a mortgage for a foreclosed house can take months.

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Flipping Houses in Ohio? 5 Cities to Consider

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Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Find a Buyer's Agent What is house flipping? House flippers buy homes, hold them for a couple of months, and then sell them for a profit (that’s the flip part).