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13
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11
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Mahinda Horapakse
  • Investor
  • Columbus OH
11
Votes |
13
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Hard money on wholesale deals

Mahinda Horapakse
  • Investor
  • Columbus OH
Posted

I’m in a dilemma. My wholesaler accepts hard money. But my hard money lender requires a detailed repair scope of work to be filled out before being approved for the loan. This would require me to have my contractor do a walkthrough and spend time writing up a scope before I submit an offer to my wholesaler. Given I’m not the only offer, it’s likely that my offer doesn’t get accepted. I’d feel bad wasting my contractors time doing walkthroughs and writing up detailed scopes of work on every property I offer on. To those of you who buy wholesale deals with hard money, is there a better way to go about it? 

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