Do I need to secure funds before making an offer? (BRRR)

[Nicholas Morgan]

Hello!

My goal for 2019 is to purchase a property utilizing the BRRR strategy....or at least take all of the steps to ensure a high probability of that happening (analyzing 10 properties/week, sending out direct mail, driving for dollars, etc..)

Anyway, I toured a house today I'd like to put an offer in on once I do a more thorough numbers analysis. However, do I need to have a hard money or private money lender lined up before I make an offer? What if I make an offer and they accept and I don't have someone in place yet to pay the ~$40k cash for the house? My thoughts are if I get the acceptance, I can find a lender while inspections and such are happening....but is that backwards? Am I putting the cart before the horse?

This will be my first "real" deal and want to make sure I'm going about this in the right order.

Thanks,

Nicholas