Hard Money Lenders - Chicken or the Egg

[Andrew Robbins]

Newbie from L.A. here. Trying to make first deal happen. I'm finding that any deal that is truly a deal is going to immediately have multiple offers. Though I have a substantial amount of cash ready to go, I'm still going to need HM to complete the deal. As I understand it, any HML is going to need a whole dossier before making a decision whether to lend me the money. Can I make an offer on a place without knowing if/when I'll get the HM? And isn't it going to take time for the HM to make a decision -- inspections, etc? What seller with multiple offers is going to wait around for that?