Updated almost 10 years ago on .
using hard money for cash purchase
Hello BP, I am looking forward to my 3rd home purchase and am entertaining using some HardMoney to make it happen. My question is how should the order of operations go? Since I need to provide proof of funds for making a cash offer it seems that I need to get the HardMoney loan before I even offer on a property. However, the lenders would like to know how much money I need and how long I need it, both of these questions need to be answered once I have an accepted offer and have rehab estimates under control. Do HardMoney lenders provide some sort of letter of proof that I can use as my proof of funds to make offers?? Thank you to all that reply!