Deal first? Lender second?

[Jonathon Nila]

Hey BP Family,

Should I first find a deal get it under contract and then find a company/ lender for the finances? I’m currently looking for property haven’t found a property just yet but I’m already starting the process for loan approval question is am I doing this backwards? Or am I overthinking and does this matter. Thanks in advance BP Community!

[Jonathan Greene]

You should always be 100 percent clear on your financing before you start looking with the intent to buy. Even off-market and distressed properties have multiple offers and buyers looking. When you aren't finance-confirmed, you won't be able to get in an offer quick enough. Be way ahead of the curve knowing what you can afford, where you can get the money and which money you would use for which type of project.