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Updated almost 7 years ago on . Most recent reply

User Stats

41
Posts
13
Votes
Robert Reineri
  • Flipper/Rehabber
  • Cookeville, TN
13
Votes |
41
Posts

Hard/Private Money "Pre-Approval?"

Robert Reineri
  • Flipper/Rehabber
  • Cookeville, TN
Posted

I've bought and sold a number of homes in my life , and even flipped a couple  but I've always used conventional financing. 

Lately I've run across a couple properties on the MLS that's say hard money or cash only , bring proof of financing .

As I understand it, hard or private money depends on the property/deal and not the borrower for approval. So is it possible to get some type of funding commitment when I don't yet know which property I'm interested in?

Thanks

Most Popular Reply

Account Closed
  • New to Real Estate
  • Teaneck, NJ
60
Votes |
167
Posts
Account Closed
  • New to Real Estate
  • Teaneck, NJ
Replied

@Robert Reineri Its possible to get a pre approval letter. You can submit an application with a property you have in mind and give some detail on your plans and a HML will be able to send you a pre approval letter.

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