Responding to question about source of funding

[RaSheila Smith]

Hi. I'm a new investor trying to make my first deal. I've identified a great property in Atlanta that's in a sought after neighborhood and will require minimal enhancements to turn a very nice profit. The listing is through KW and the agent has asked what is the source of my funding. Should i reveal that I'm an investor and will obtain any investment loan-- I.e. hard money, or say that I have cash. I want to fix and flip but haven't ruled out wholesaling it. I've seen listings that say "NO INVESTORS" and wondering if my revealing my purpose of will get me out of the running before I start. How should I respond to her inquiry ? Thanks

[Jose Falconett]

By the way you asked the question it sounds like you might not be familiar with running numbers and investing in general and might be getting yourself in trouble. To wholesale it you have to get a better deal on it than if you were to just flip it. You can't just interchangeably use the techniques just because. 

Now if you can't fund the deal I would suggest you wait until you have located your funding. You will need to be able to provide proof that your serious to the seller that you will fund the property.

Do not lie, you have no reason to mention you are an investor, and have a reason for your choice of financing. You went from cash to hard money loan, that's a big difference.