Updated over 12 years ago on . Most recent reply
Deal or Financing
What comes first? I am looking at a property that would be my first investment and I would like to flip it. I don't have the cash to do it myself.
Should I try to get it under contract and worry about the financing after? My understanding is that wholesalers have a contengency clause about assigning the contract by X date, should there be a similar clause in my contract about finding financing?
I would really rather not back out of a contract, even if I do have a contengency clause. My gut tells me I should be networking more and meeting with private lenders, hard money lenders, or other investors to partner with before I attempt to get a house under contract.
What's your advice?