How to start out with lenders?
Hello, I am wondering if anyone has used BridgeWell Capitol and what your experience was with them, good or bad. I have done a flip and did very well and am trying to take this business on full time. I am looking to get some funding in place so that I can make offers on property. I have quite a few deals that I am interested in but it seems like I should have funding set up before I make an offer. I have read that you get the deal then approach a lender, but this is kind of a catch 22 it seems. How can you make an offer with no proof that you can fund it? I have also read on here that you can get POF letters but that they dont really mean anything, and it doesn't seem right to potentially make the seller wait however long it takes you to find funding (could be longer than what you initially tell them you can close by). That would seem to make you look bad, and really should. I have about $20-30k in assets to put into a deal and for repairs. Any advice would be greatly appreciated.