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Updated almost 7 years ago,
Hard Money ** Chicken or the Egg?
I am just getting started and will probably source Hard Money lenders in the Dallas area to get deals off the ground.
The question would be should I talk to HMLs first to get a game plan together that way when a deal does come up, I have a source and idea of what can be done on that end, or, wait for the deal to come and then source a HML?
To me it makes sense to seek out a HML first to have someone lined up in case a deal does come along and needs to be funded within 1-2 weeks. But I didn't know if HML would want to talk before having some tangible in terms of a deal.
Total greenie when it comes to this in practice, so advice is greatly appreciated!