Discussions with multiple HML okay?

[Jim Keegan]

I'm a newbie who is ready to look for a property to flip. I would need a HML or crowd sourcing to finance. Once I find a property I can submit it to a HMLer/ CS to get approval for financing and a proof of funds letter. My concern is I'm afraid of being rejected. Is it okay to submit my property to multiple companies that do HML? Or it that frowned upon? Obviously if I write a contract on a house, contingent on financing then I only have say 30 days to get financing so I my mind it would be smarter to work multiple angles at the same time. I would be honest and let everyone know I'm shopping around and once I establish a relationship with one company I would return to them.

Also if once I get a POF letter from one place, submit my offer and get it accepted, can I get use the other HM, if need be? Any advice or comments about the progress I'm missing or misunderstanding would be greatly appreciated!

Thanks BP community!