They will definitely ask for a financial statement form where you list assets, liabilities, debts (secure, non secure), W2, Job status, ... etc.If you don't have anything palpable, they might just ask some front desk person or salesperson call you back.

Hard money is just a term; HARD is just the Asset “the property” is in “physical object”.

Hey BP,After reading forums, listening to podcasts, and watching videos, I've finally taken actionable steps to obtaining my first wholesale deal.

And is it possible to obtain the previous inspection records? 

In terms of asset protection, I firmly believe it is worth separating your assets into different legal entities.

At those numbers this property becomes a liability, not an asset.

@Matt Leonard,Are you paying any discount points to obtain 3.375% on your cash out?

Don't have any assets in it yet, but should I use it to have the owner sign the lease with the LLC rather than me?

I have the option of purchasing a property for cash and then refinancing it, or just obtaining a new mortgage.

I wanted to reach out to the REI community at large and run an opportunity by you in hopes to obtain some feedback on the following: overall deal (good/bad), deal structure, and offers).