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Updated over 8 years ago,
question about hard money process
I am looking to hardmoney for the source of my next flip. the lenders i have talked to have requested that we obtain the property under contract first, and i have already formed a llc to handle the transaction. i have never purchased property this way and wanted some insight on how to structure the offer and the wording that should be used , this is in the state of Massachusetts. and would like some clarification on how to get a property under contract with out having secured the funds first. any insight would be greatly appreciated . also for hard money transaction would i still need legal counsel to close this loan and does any one have any local attorneys that have experience with these transactions...