How does funding$$ work?

[Hudson Walker]

Question I have regarding the transaction and use of funding.

I’m looking to buy distressed single family properties, fix and/or buy hold or sell.

Most of theses homes banks will not fund due to the work they need. So I need have either private/portfolio/hard money funding.

So if and when I find a lender willing to work with me how does the funding work?

Do we open a joint bank account?

Do they put money into my back account and then I go find a property?

Who’s name is on the lease?

Are we both co-signers?