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Updated almost 4 years ago on . Most recent reply
Beginner - hard money loan: what comes first?
I’m eager to find my first deal - I was planning to use a hard money loan, and they obviously need a deal in hand to finance, but I was hoping to already have financing to show to the seller with the offer. What’s the best order of operations here? Any thoughts/suggestions appreciated!
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Find a hard money lender that works closely with a conventional lender. (You want to get out of the HML into conventional as soon as possible.) Get your pre-approval letter from the conventional lender.