I found a cash only foreclosure deal through the bank. The house is appraise for $57k and they are selling it for $37k Cash only. I look at the house today and it need at least $6k to 10k fix up to be consider comfortable leaving. I can probably deal down to $10k but I still have to come up with $27K cash.
I have a guaranty renter to pay for my bill at least for the next 2 year.
What are my available option in this market? My wife credit is above 600.
I don't even know how to approach my bank and ask them to loan me $27k cash .
WHERE WHERE can I come up with the fund for the project ???
Please help help!!!