Fist time investor using hard money?
My partner and I are just about at the last leg to begin to invest. We don't have money to put down so I'm thinking our only option is to use a hard money loan. Do hard money lenders have an option to be pre-approved? I'm asking this because the DFW housing market is very hot. Houses don't stay on the market very long and many get multiple offers on a property on the first day. We would most likely miss out on a property if we have to give the hard money lender the property and also have someone out to estimate the rehab costs to present. Also it would take days I'm sure to actually get the money. I'm pretty sure the hard money lenders don't pre-approve but I don't have any experience with them. Could someone help me out or also give me other finance options for me that is not private money for flipping.
Much thanks!