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Updated over 8 years ago,

User Stats

23
Posts
3
Votes
Tony D.
  • Investor
  • Franklin, MA
3
Votes |
23
Posts

question about hard money process

Tony D.
  • Investor
  • Franklin, MA
Posted

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...

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