Updated almost 12 years ago on . Most recent reply
Do I present the property analisys before getting under contract?
We have a property that we are interested in. We also have about 3 hard/privet lenders lined up for our financing flips. I was wondering if I should submit the proposal to any of them before we get the property under contract? Realtor is saying we have to put $3000 down for earnest money and deposit. Our funds are tight until we receive payment on work we have done and didn't want to wait until time we will receive payment. looking at 2 to 3 weeks out. Should I just ride it out and take what ever happens as a learning curve until we get a better relationship built with these lenders? We had a lender a few months back that bought 3 of the 4 I had discussed with them so it makes me leery. I also thought we just needed to put earnest money down. This is a reverse mortgage, does that make any difference?