Should I contact the seller first? Or a hard money lender?

[J'Nelle Lake]

Hi! So I'm looking into the BRRRR Method and there is this home for sale by an owner in my area. The ARV is $480,000 and the seller wants $270,000. Its going to need a little over $100,000 in renovations. Who do I approach first? The seller? Or a hard money lender about purchasing the home? Thank you guys so much for help!

[Josue Velney]

Great question, this questions is very similar to what comes first the chicken or the egg? In this example I would contact the seller. If you saw this for sale buy owner property who else is looking at it? Lock the deal down and find the money after. If the deal is good enough you will find the money.