Welcome to passive real estate investing, the show where busy people like you learn how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli. Hello, my friends, and welcome to another episode of Ask Marco,

where I answer your investing related questions.

Today's question comes from Jaco. I believe that's how you pronounce your name.

He says, hey Marco, this is Jaco from Indianapolis. Thank you so much for your good

information that you bring to us for free.

I want to buy properties at foreclosure auctions at the county sheriff's sale, but I don't know

how to finance them since they want all the money up front. If you have any suggestions I will greatly appreciate it.

Well, Jaco, thanks for the question. Simple one here, but things to consider.

So how do you finance a foreclosure that you purchase at the

county sheriff's sale or at any courthouse steps for that matter across the country?

So this is true in pretty much every state. There are judicial, non-judicial states.

Often it's a trustee that's selling the properties that are, have been foreclosed or

taken back by the lenders in the non-judicial states and in the judicial states.

They are typically done by, well, often the trustees at the courthouse steps.

You just have to check your jurisdiction.

But how do you finance these properties?

The answer to that question is you typically don't.

So if you don't have the capital for it and most people don't walk around have the capital for it and most people don't walk around with

tens of thousands or hundreds of thousands of dollars in their pocket

although I did know one individual who actually did that you will have to

finance it with your own cash

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