Updated over 6 years ago on . Most recent reply
Chicken/Egg Financing ?
I am only a few days away from pulling the trigger on forming a business for our real estate venture. For now, and mostly due to our location and HML unwilling to lend in rural areas, I've decided the next best course of action is to look to banks for financing.
My main question - is it better to just get a loan for the maximum amount I can get with a business pitch and use this as a base line for financing deals, OR is it better to find the deal first and then ask for financing based on numbers?
I feel the second method would be the easiest for acquiring a loan, but the first would be better for being swift with offers and and making the best call for making decisions without having to wonder if you could get financing at all.
What are your feelings/suggestions? Thank you all!