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Updated almost 6 years ago on . Most recent reply

Account Closed
  • Specialist
  • Hendersonville, NC
23
Votes |
159
Posts

Do I need to be on contract to get hard money loan?

Account Closed
  • Specialist
  • Hendersonville, NC
Posted

Say I’m buying a deal from a wholesaler who wants to double close rather than assign.

Am I going to be able to get a loan even though I’m not on the contract?

Most Popular Reply

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Lydia R.#4 Wholesaling Contributor
  • Wholesaler
  • Austin TX
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Lydia R.#4 Wholesaling Contributor
  • Wholesaler
  • Austin TX
Replied

@Ben Gabin You will sign a contract with the wholesaler for the property, a double closing just means that the wholesaler has a contract with the seller that they will close on and then they will sell the property to you. You should be able to take that contract to your hard money lender just like any other deal.

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