Hard Money Lenders

[Juan Ayala]

I’m looking for advice on using a Hard Money lender. I understand the underwriting process is a bit different from bank financing where they prefer you have a property under-contract to move forward with qualifying. 

My question is would I use the hard money lender as a source of financing at an auction? My gut says it’s a bad idea because I need the secure the source of funding prior to bidding. 

Any advice is welcomed! Thanks!