Secure finance or find deal first?

[Michael Randle]

Hello, So I found a small multi family property I would be interested in pursuing more. Numbers I have been able to gather from public data sources make the property seem like a very good investment, almost too good so that is a red flag for me. The property on the surface has everything I am looking for and fix comfortably into my risk tolerance and budget. The two downsides is it isn't local and it seems to good to be true. I would like to dig in more into the deal but I am assuming I would need to be pre-approved commercial loan, contingency offer, get with a local agent etc etc. Or is this not the case? I guess my question is since I have identified a property I like, and run the preliminary numbers, what is the next step? What do I have to do to not look like a tire kicker and someone who is truly interested in moving forward? Thanks

[Josh Caldwell]

If it is a good deal, then you had better move your ***.  Get it under agreement now and freeze out all of the other buyers.  Then figure out how you are going to pay for it.  If you can't get financing, and you probably can, then wholesale the darn thing to someone who can get financing.  If you piss around, then the next investor will snap it up.  If you move like I am telling you to do, then I can direct you to financing if needed.  I know a lot of finance people. 

Go get em