Hard Money Lenders provide a "Pre-Approval"
I am about 2 weeks away from listing my first flip for sale. It took me 4 months to obtain it - so I am starting now to look at properties (I am investing in a different area).
I am also looking to refinance my personal residence (and recently came off a 6 week 40% pay-cut at work). I am reluctant to get a pre-approval on a traditional loan - don't want to mess up the refinance and I more than likely I will have that other property sold; and have cash for this new purchase.
With that said, I want to start looking and placing offers on houses next week that are listed (REOs, etc.) and they won't look at an offer without proof of funds (if there isn't a financing contingency) or a pre-approval with a financing contingency.
Do hard money lenders provide a pre-approval letter that you can use for this purpose?