Need more info on the hard money process

[Terri Hollinsworth]

So I am at the point where I want to buy my first house to flip. I am so ready. I have a few potential investors but will need to get a hard money loan to start for at least a portion. I want to know more about the process in obtaining hard money and what I should do before hand.

I am in Orlando, Florida.

I’d like to know, first what is the first step in obtaining hard money? Do I need to pre qualify myself or do I just need to find the house first.

Do I have to have the hard money loan first before I buy the house? Or vice versa.

If I find a good deal and need to jump on it how fast can I obtain a hard money loan?

Do I just need the house under contract first?

Any other advice would be helpful!

Thanks,

Terri

[Jason D.]

@Terri Hollinsworth the hard money loan process is nearly identical to a conventional mortgage.

You can get "pre-qualified"

Get property under contract

Go through application process

Submit documents

Title processing

Closing