Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

9
Posts
1
Votes
Christopher Rucks
1
Votes |
9
Posts

Engaging hard money lenders - order of operations

Posted

Hello, Bigger Pocketers

I'm ironing out some of the remaining logistics before I start submitting offers to acquire my first property. I'm trying to understand some things about hard money lenders, as I plan to begin with the brrrr method first.

- When do I engage a hard money lender? Right after I submit an offer? Before submitting an offer?

- What kind of materials do you provide the lender to help assure lending? Property pics, an estimate of repairs, comps? Anything else to paint the proper picture?

- Is it a good idea to get GC recommendations from hard money lenders who have a lot of experience in an area?

Thanks in advance for taking a moment to answer!

Most Popular Reply

User Stats

9,861
Posts
5,569
Votes
Eliott Elias
  • Investor
  • Austin, TX
5,569
Votes |
9,861
Posts
Eliott Elias
  • Investor
  • Austin, TX
Replied

Do not make offers without having a plan for financing. You will provide a credit score, bank statements, and net worth statement. Vet as many GC's as you can, the best are from referrals. 

Loading replies...