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Updated over 6 years ago on . Most recent reply
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Hard/Private Money "Pre-Approval?"
I've bought and sold a number of homes in my life , and even flipped a couple but I've always used conventional financing.
Lately I've run across a couple properties on the MLSthat's say hard money or cash only , bring proof of financing .
As I understand it, hard or private money depends on the property/deal and not the borrower for approval. So is it possible to get some type of funding commitment when I don't yet know which property I'm interested in?
The reason I'm asking is because I'd like to get as fast a close as possible!
Thanks
Most Popular Reply
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I’m definitely interested in perspective on this. This prevented a deal from happening.