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Updated over 4 years ago,
When do i talk to hard money lender?
Hi, I will get straight to the point.
First flip.
Im looking to purchase property around december and rehab through the winter. List early spring and sell asap.
i created a llc and opened a buisness account with 200k.
1.When should i contact lenders ?
Do i wait till i have a property in mind and draw out a plan/proposal , ?
or can i get pre approved now ? And how?
And
2. How important is taxreturns ? If i dont have it.
I want the loan on the LLC
But obviously its brand new and no history but a nice chunk of funds in the account.
Thank you for your time ! Any feed back is appreciated 👍