Advice for acquiring funding

[Kadesha Copeland]

Do you already have to have a deal present in order to obtain a hard money loan? Or can you see how much a lender would offer you for the loan and then start looking for a deal?

[Ann Shanley]

Great question!  I would start by finding lenders and establishing relationships.  What kind of deals do they like to lend on, what area do they focus on- do they have any references?  It has to be a good fit, not everyone who has money to lend is great to work with.  You can be looking for good deals at the same time. If it is a good deal, it will go fast and you want those lenders so you can make offers.

Hope that helps.