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Updated about 5 years ago,
Making an Offer Using Private Money
If I am planning on using hard money or private money to fund the deal, how should the offer be written up? Is this written up as a cash offer or an offer with a contingency that needs to be put in specifically for obtaining a money partner/hard money lender approval?
Do I need to provide some form of pre approval with the offer?
The property listed on the MLS and is bank owned.
If anyone has experience with purchasing MLS deals and using hard money / private money to fund the project, I am open to your input! I am using a RE agent to make the offer, and they have no experience with private money deals.
Thanks!