Find Property or Obtain Captial

[Alfonzo Roberts]

Hello All! So I will be finding a property for my first rehab in April. I plan to use a Hard Money lender initially. Everything I am reading is saying find property first, finance, rehab..... Can someone please help to put my mind at ease in relations to financing via a Hard Money Lender? I am slightly concerned that on April 16th I find the perfect place and then have find a Hard Money lender, most of the sites make it seem so easy. Should I get approved for a certain amount PRIOR to searching for a place? Or remain steady and focused and find the place first and than ask for financing? The concern is I find the place, seek financing and loose the opportunity in the interim. Thanks!

[Joseph Firmin]

Yes, go ahead and get pre-approved. It is easy to do and will put your mind at ease so you aren't scrambling at the last minute. Many of these HML's will also help you think through the numbers. Good luck!