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Updated almost 11 years ago,
Hard money approval without capital
I recently met with a wholesaler here in Houston who is also partnered/owned by a hard money lender. They told me that I should have $30k liquid to be a viable applicant. All of the wholesaler's deals are preapproved by the lender. I may have a partner who's willing to front me the downpayment for a deal. I guess my real question is this; if I don't personally have $30k in liquid assets how do I go about getting approval from a hard money lender?