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Updated about 11 years ago on . Most recent reply

User Stats

15
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2
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Maurice Horton
  • Pearland, TX
2
Votes |
15
Posts

Hard money approval without capital

Maurice Horton
  • Pearland, TX
Posted

I recently met with a wholesaler here in Houston who is also partnered/owned by a hard money lender. They told me that I should have $30k liquid to be a viable applicant. All of the wholesaler's deals are preapproved by the lender. I may have a partner who's willing to front me the downpayment for a deal. I guess my real question is this; if I don't personally have $30k in liquid assets how do I go about getting approval from a hard money lender?

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