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Updated about 8 years ago on . Most recent reply

User Stats

112
Posts
31
Votes
Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
31
Votes |
112
Posts

when should I apply for a hard money loan

Arthur Fuller II
  • Real Estate Investor
  • Los Angeles, CA
Posted

I have submitted 4 offers on REOs today to start my 1st flip. I'm going to need hard money for this. When do I apply for HML? right now? After I get an offer accepted? Right now I have a ballpark on the rehab - do I apply after I've gotten an exact scope of work?

thanks

Most Popular Reply

User Stats

299
Posts
125
Votes
Kim Younkin
  • Real Estate Marketing Professional
  • Columbus, OH
125
Votes |
299
Posts
Kim Younkin
  • Real Estate Marketing Professional
  • Columbus, OH
Replied

Hi @Arthur Fuller II...I was just reading info on the site today about hard money lenders in my area. If you search "hard money lenders" in the search bar it will pop up a bunch of stuff for you. I was on a site today called LendingOne.com and they have a great Q&A section about borrowing hard money. The site came from the listing I found for it here on BP...

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