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Updated about 6 years ago,
Not HOW but WHEN to seek financing.
There is just one thing I keep hearing that I just don’t understand . It is often suggested to find leads then analyze them then make offers then find the $$ for the deal. Are sellers really accepting offers or even hearing them without proof of funds? Maybe I’m just missing something. I am not worried too much about finding the $$ for a deal but I don’t understand how that seems to come after the offer in many examples either in BP books, pod casts or webinars. I suppose I could bring a hypothetical good deal to an investor and ask for backing then hope the offer is accepted or hope the investor will still be interested on the next one I find. That seems more shaky than already having a real world good deal with the offer accepted already. My agent says sellers won’t even hear an offer without proof of funds or prequal docs. I’m thinking my order must be off. Any clarification would be helpful. Thanks!