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Updated over 6 years ago,

User Stats

10
Posts
7
Votes
Gerald Thitchener
Pro Member
  • Flipper/Rehabber
  • Vail, AZ
7
Votes |
10
Posts

Private Money Pre-Approval

Gerald Thitchener
Pro Member
  • Flipper/Rehabber
  • Vail, AZ
Posted

I know this isn't a typical thing private money lenders do but, I'm looking for any private money lenders that would be able to give pre-approval of loan amounts prior to having a contract. The issue I'm running into is in order to get a house under contract I have to show proof of funds for cash offers. I have some cash to put towards deal and would feel a lot more confident knowing I have the rest pre-approved when offering cash offers. I know a lot of people say get it under contract then apply, but I'm retired military and I like to have all my ducks in a row to make the best impact. We are looking at rehabs that will have an ARV of $200k or less. Any suggestions would be greatly appreciated.

  • Gerald Thitchener
  • Loading replies...