I have a property under price agreement that I would like to proffer to hard money lenders and/or solicit takers for a contract flip. Is there one central clearinghouse to list such a deal? I would like to sketch the broad outlines of the deal, the property's value, etc. and entertain offers from one place, eliminating the need to post the same inquiry to scores of different lenders/investors.
Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
6y
The short answer is no, hard money lenders don't bid for the right to provide a loan. Most of what you would put together won't even matter to them and is overkill. If you were working with a private money lender that may be a different story.
As far as wholesaling, a lot of wholesalers build lists of potential buyers. The better ones build personal relationships with buyers and provide good deals for them to consider. The majority just get a bunch of emails and fire off properties to their list that no one looks at because they aren't good deals. In general in real estate, it's better to shop deals to less people more intimately rather than more people less intimately.