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?

[Caleb Brown]

You need financing lined up first. You don't want to waste anyone's time without getting that squared away

[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

[Angela Beers]

Thanks! I appreciate the feedback!

[Eliott Elias]

Find the deal, the money will come 

[Polo Vazquez]

If it's a good deal, the money will come. You can literally just post in on a RE investors group or facebook marketplace and you will probably find a buyer and you can wholesell it. If it's not a good deal then you might end up in a small pickle and have to drop out of contract and lose money (consider it the cost of doing business) and try again.

[Nathan Gesner]

Many will tell you to find the deal first, then the money will come. However, that's a more experienced move. If you are a beginner, you should have your finances lined up first.