Any Luck with PMLs?

[Danielle DeCormis]

I'm looking to purchase my first official investment property, but I'm running into steep competition against cash buyers. Are there any PMLs who will pre-qualify you so that you can pull the trigger (with their approval) ASAP? Is this a thing in REI?

[Tanner Lewis]

Yeah, you can do it with hard money or DSCR loans. Just talk with a loan officer or account executive first so you know what is eligible for them. Typically you can get a deal under contract and then go looking for financing. A few hard money lenders can close in as fast as 48 hours, which helps compete with all cash buyers.

[Danielle DeCormis]

Great! Thanks!