Proposing a professional offer

[Danzell Crowell]

Hey BP Community,

I currently live in Brooklyn, New York but would like to invest outside of my state. I want to fund my first BRRRR strategy through private lenders.

After using the BP Calculator I have homerun Offers I would like to present. But most agents have asked me for proof of funds before  proceeding. And I’m not to sure what’s really the next step cause I don’t wanna waste a lender time if I can’t get a commitment on a price with a seller before I go ask for money...

My question is should I put offers in to the seller first, then once agreed upon a price then I could go the lenders and show them the deal to fund ? Or should I get a lender first then go find a deal?... 

Thanks, BP Community. 

[Aaron K.]

Go to a lender first and get a letter of intent to lend or preapproval with contact information for the lender.  Make sure when you submit offers to submit the offer, letter of intent, and proof of funds for any down payment you are making.