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Updated over 7 years ago,

User Stats

73
Posts
34
Votes
James R. Copeland
Pro Member
  • Investor
  • Port Hueneme, CA
34
Votes |
73
Posts

Tips before talking to Hard Money Lenders?

James R. Copeland
Pro Member
  • Investor
  • Port Hueneme, CA
Posted

So I very much want to look into a Hard Money Loan in order to purchase a multi-unit property in the Vancouver, WA area (Just north of Portland, OR). I'd like to do the BRRRR strategy over the next year, but admittedly my experience so far in real estate is only with Single family home rentals needing very little work. I'm hoping to go into a commercial lender tomorrow or later this week just to talk to them and start building a relationship, but was wondering if anyone here had any tips? What should I highlight, what should I ask for? I don't have any specific property in mind yet, just want to get pre-approved for a decent sized (300-500k) loan so I can go make a cash offer on something when the right property appears. Thoughts?

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