Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

197
Posts
41
Votes
Terri Lewis
  • Flipper/Rehabber
  • Elkhart, IN
41
Votes |
197
Posts

Do I present the property analisys before getting under contract?

Terri Lewis
  • Flipper/Rehabber
  • Elkhart, IN
Posted

We have a property that we are interested in. We also have about 3 hard/privet lenders lined up for our financing flips. I was wondering if I should submit the proposal to any of them before we get the property under contract? Realtor is saying we have to put $3000 down for earnest money and deposit. Our funds are tight until we receive payment on work we have done and didn't want to wait until time we will receive payment. looking at 2 to 3 weeks out. Should I just ride it out and take what ever happens as a learning curve until we get a better relationship built with these lenders? We had a lender a few months back that bought 3 of the 4 I had discussed with them so it makes me leery. I also thought we just needed to put earnest money down. This is a reverse mortgage, does that make any difference?

Loading replies...