Working on first deal

[Elizabeth Zuniga]

Hello everyone! I am currently working on my first deal. I have two questions:

1. Do I make an offer on the property before speaking to the private lender?

2. Is the inspection supposed to be done after the offer has been made?

These are the steps that I am still not very clear on and I need help!

[Chad Clanton]

Hi, and welcome to BP! I'm thinking we'd need a bit more info.. What kind of deal is this (rehab, rental, wholesale..?) A bit more detail would be helpful. As to the rest, an offer with a due diligence period or option period (i.e. appropriate contingency clauses) could come before talking with the lender, but I've learned that finding the money first never hurts (or at least have a few places on tap). As to the inspection, if you mean a true inspection, as in one done by an inspector and assuming you do one (many don't when buying a rehab prior to work), that would follow the offer (and be another appropriate contingency clause...). Hope this helps!