I should probably talk to various lenders about this, in fact in am…But i figure I can get some pretty good advice/tips here also.
My question: I’m a wholesaler and I know that if i establish financing for the properties I am trying to sell i can probably wholesale more. So do i get the property under contract first, and then try an get financing or do i just try to get pre-qualified but for other people?
(I’d think this would take a really good history with the lender)
Any tips would be appreciated?
Much success to everyone who wishes success on others!
What about developing a good relationship with one or two hard-money lenders who will “pre-approve” the property for you and not care too much about the buyer’s credit. They usually require the buyer to have some “fix” money but at least the financing of the property would be available if needed.
Most HML’s have investors who are always looking for a good deal. You could set up an arrangement with several vendors. They have usually prequalified their existing clients and this is an opportunity to bring more value to that client. It’s a true win/win/win situation.