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Updated over 8 years ago,

User Stats

285
Posts
220
Votes
David Stone
  • Rental Property Investor
  • Des Moines, IA
220
Votes |
285
Posts

Buying off MLS using private money / hard money

David Stone
  • Rental Property Investor
  • Des Moines, IA
Posted

I am putting in an offer on a property listed on the MLS. The property is bank owned. If I am planning on using hard money or private money to fund the deal, how should the contract be written up?

Is this written up as a cash offer or an offer with a contingency that needs to be put in specifically for obtaining a money partner/hard money lender approval?

If anyone has experience with purchasing MLS deals and using hard money / private money to fund the project, I am open to your input! I am using a RE broker, but am trying to get a better understanding of the structuring before I go in...

Thanks!

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