Updated almost 9 years ago on . Most recent reply
Using Hard Money Loan
Hi everyone,
I am looking to do my first fix and flip using a HML. When putting in an offer on a house, you need to show proof of funds. My question is concerning getting financing fast enough where you do not miss out on a potential deal. Due to good deals closing within a couple of days of hitting the market, how do you generate hard money quick enough to put in an offer? Can you get pre-approval for hard money? and if you can not, I was wondering what the best order of events would be after you find a good deal in order to ensure you have a shot to put in a quick offer? Thank you.