All Forum Posts by: Rashawn Stevens

Hey BP, I have been reading through some of the forums and I see some mixed opinions on this subject, Here's the question: If you don't have enough money for a down payment and your credit isn't the best and you deiced to bring in a partner 50/50 partner who has the money for a down payment giving you guys skin in the game. Would a lender not approve this loan or look down upon this? 

@George Taylor I will definitely be contacting you if I have any concerns or when I need funding. Thanks  

@George Taylor Thank you for taking the time to respond to my question. Your answer has truly helped me in my journey its greatly appreciated. Thanks so much this has made my day! 

@Barry DeGroot Thanks for the reply, That makes a lot of sense and was what I was thinking. That really helped a ton, thanks again!

@Casey Mericle Lets say that you would like to establish a relationship with this lender and have prepared a sample deal/Prospectus of the exact deals you are looking to do and you would like to obtain a pre-approval letter and proof of funds statement which will allow you to submit offers and be taken serious by real estate agents, will they see this as a waste of there time? Thanks for replying I greatly appreciate it.

Hey BP, I would LOVE for a Lender to answer this question for me because i'm having problems coming up with a clear answer and here is the question: Should you look for a Hard Money Lender before you have a deal?

Hello BP, does anyone know or could recommended some good educational material on working with Hard Money Lenders? thanks! 

thanks for the reply.

Hello Bigger Pockets community, I am new to real estate investing and have a few question regarding lenders. I am looking to start flipping properties and would like to use lenders as my source of financing. I was wondering if I should approach lenders with my business plan and a few sample deals giving an example of the kind of deals I am looking for, and see if I could get a letter of commitment from the lender (or a pre-approval letter and proof of funds statement) before going out and looking for deals. Or should I wait until I have a deal under contract then go look for a lender (and run the risk of maybe not finding financing)? All advice is appreciated. Thanks