The Hard Money Lender Presentation

[Jon Bachman]

I'm very interested in obtaining some hard money in the near future, but I'm unsure of something. I have a question in regards to show #9 with @Ann Bellamy, when she says that included in your presentation to obtain a hard money loan, one should include a purchase agreement. I thought the proper order of events entailed bringing a prospective property to the lender and showing what the end goal looked like (ARV, rehab costs, purchase price, exit strategies, etc.). After an green light is given, you then make an offer.

Is she saying that I need to first make an offer with a contingency stating "offer valid upon approval from lender", or something along these lines?