Do you get a deal under contract before you secure funding?

[Lennox McAfee]

I’m new to investing so I have a very basic question! Are we suppose to get the deal under contract first, then get funding, or vis versa?

[Taylor L.]

Know where your money is coming from first. Have your investors and lenders lined up. You want transactions to go smoothly. Running around to find money after you have a deal under contract isn't exactly the smoothest way to go.