Hard Money Loan process

[Tim Matthews]

Hello, I am preparing to purchase my first property to BRRRR. I will be using a hard money loan to purchase and rehab the property. What is the process of acquiring a hard money loan? Do I need to already have a property under contract before I approach a hard money lender? Should I get prequalified from a lender to see how much I can be approved for, then go shopping for properties using that preapproval amount?