Hard money lending

[Russell Collins]

How do you get approved for hard money lending everything we tried cost up front trying to set up a relationship with a hard money lender I have some cash available any body got any ideas

[Don Konipol]

This is another example of the mis information put out by the real estate "gurus" and their marketing "experts".  They tell their seminar attendees to get pre approved with a hard money lender, establish a working relationship first, then go find the deal.

A real "pre approval" (not the print it yourself letter from their website) from a hard money lender is impossible, since the loan depends on the property being offered as collateral itself, and not primarily on the borrower's credit or capacity.  

As a hard money lender, I am continuously bombarded with inexperienced real estate investors with no understanding of real estate investing, no chance of ever doing a deal, no investment capital, and no desire to accept any information that contradicts what they learned at their recently attended seminar ("he warned me you'd say that!").  Since I lend solely on commercial property, you would think that would dissuade the inexperienced. Not at all.  Most are mesmerized by the old, incorrect and somewhat smart aleckery guru advice that "since you have no money you can just as easily buy a 100 unit apartment complex as a single family".  These people actually believe that with no capital, no knowledge, no experience, no education, etc. they will be able to obtain 100% + financing for a large commercial investment!  It is absolutely crazy.