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Updated over 10 years ago on . Most recent reply

Getting funded prior to contract?
Just wondering if it is possible to get funding before having a house under contact?
I have been basically handed a flip deal from a friend that only does buy and hold. He has told me that I need to get my finacing lined up before he will show me the property. It has the potential to give me 50-75k profit.
Any ideas?
Thanks
Mike
Most Popular Reply

Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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If your friend believes you when you tell him you javeprivate money, fine. If not, your private lender needs to give your omen type of preapproval/commitment letter....max amount of finds,certain LTV, etc.