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Updated about 6 years ago on . Most recent reply

Lennox McAfee's profile image
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Lennox McAfee
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  • from Nashville, TN
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Lennox McAfee
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Lennox McAfee
  • Rental Property Investor
  • Nashville, TN
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Buying & Selling Real Estate

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

Lennox McAfee
  • Rental Property Investor
  • Nashville, TN
Posted

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?

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Taylor L.
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  • from RVA
  • Member since Jun 22, 2016
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Taylor L.
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Taylor L.
  • Rental Property Investor
  • RVA
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Taylor L.
  • Rental Property Investor
  • RVA
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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.

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