Hard Money Lending ( Atlanta / Newyork)
Hows it going fellow investors, ill be focusing on atlanta and newyork investing market and i wanted to see if anyone know any investor friendly HML companies ... Also do i need to have the house under contract before they even consider the deal ? Do you get a seller to sign a contract by telling them you have funding from HML ? i really appreciate anyone reply
Most Popular Reply
@Jimmy Thomas Great question!
No, you don't need to have the property under contract (for most lenders), but you will need the acquisition price estimate, so it's not a bad idea to speak with the seller about their listed price and what you could come in at.
If the property is under contract, great, but either way is totally acceptable. Be sure to come to lenders with expected price, expected rehab costs, and a general idea of what you can afford to put down so you know where your boundaries are, especially starting out.