FIND THE DEAL or FIND THE MONEY!

[Angela Beers]

Hi,

I have hit a road block to pulling the trigger on my first BRRRR. Should I find the deal and the money will follow?? OR Should I procure a hard money pre-approval and go hunt for the deal?

[Stephanie P.]

Quote from @Angela Beers:

Hi,

I have hit a road block to pulling the trigger on my first BRRRR. Should I find the deal and the money will follow?? OR Should I procure a hard money pre-approval and go hunt for the deal?

Start going to REIA's and Meetups and getting to know lenders and investors that go there.  Find a few lenders/brokers that you like and then have them look at your financials.  As a Realtor, you wouldn't drive around looking at properties for a buyer without knowing they were qualified to buy right?  Once you have an idea of what you can do, then define the area you want to be in and start shopping.  See what works and what doesn't using your lenders as sounding boards.
Welcome to BP.  Hope that helps.  Feel free to reach out with questions.
Stephanie