New investor looking for financing

2 Replies

Hello Bigger Pockets community, I am new to real estate investing and have a few question regarding lenders. I am looking to start flipping properties and would like to use lenders as my source of financing. I was wondering if I should approach lenders with my business plan and a few sample deals giving an example of the kind of deals I am looking for, and see if I could get a letter of commitment from the lender (or a pre-approval letter and proof of funds statement) before going out and looking for deals. Or should I wait until I have a deal under contract then go look for a lender (and run the risk of maybe not finding financing)? All advice is appreciated. Thanks

Updated over 3 years ago

By "Lender" i'm referring to Hard Money Lenders and trying to obtain unconventional financing.

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