I found a great deal, now what?

[Tyler Blackburn]

Good morning BP community!!

So this might be a very basic question that in 6 months from now I will be embarrassed to look back on, but I suppose we all must start somewhere. So I am trying to get a basic timeline of how a house flip should go when doing creative financing. I have understood so far that the power in finding a good deal is enough to overcome a strapped budget, but what follows that? I have seen a lot of responses about getting it under contract and then approaching hard lenders, but what exactly does that mean to "get it under contract" and how might I do this?

I have quite a bit of determination to find a good deal, but I don't want it to slip through my fingers as I pause to research my next steps. I prefer to get a timeline of the process between checkpoints.

Sorry if my question is over simplistic. Any corrections in my thought process are VERY much encouraged. I am a learning sponge right now!

Thank you and hope you all have a good Monday!!

Tyler