When to talk to a HML

[Ahmad Nassar]

Hi BiggerPockets,

I’m about to put an offer on a bank owned multi family. I believe right now my best chance of getting this under contract is with an all-cash offer. Does that mean I need to contact a Hard money lender prior to submitting an offer or only once under contract? and If I do get it under contract all cash and 10 days to close what if I am unable to get the loan necessary am I out of my earnest money at this point?

Thans