Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Need more info on the hard money process
So I am at the point where I want to buy my first house to flip. I am so ready. I have a few potential investors but will need to get a hard money loan to start for at least a portion. I want to know more about the process in obtaining hard money and what I should do before hand.
I am in Orlando, Florida.
I’d like to know, first what is the first step in obtaining hard money? Do I need to pre qualify myself or do I just need to find the house first.
Do I have to have the hard money loan first before I buy the house? Or vice versa.
If I find a good deal and need to jump on it how fast can I obtain a hard money loan?
Do I just need the house under contract first?
Any other advice would be helpful!
Thanks,
Terri