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Updated over 7 years ago,
Responding to question about source of funding
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